2024 (12) TMI 969

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..... of almost 25 years from the date of issuance of SCN and a little more than 30 years from the date of import - HELD THAT:- Following the judgement in WELSPUN INDIA LIMITED (FORMERLY KNOWN AS WELSPUN POLYESTER (INDIA) LIMITED VERSUS UNION OF INDIA ANR. [ 2023 (8) TMI 1166 - BOMBAY HIGH COURT] , the High Court quashed and set aside the impugned show cause notice - M.S. SONAK JITENDRA JAIN, JJ. For .....

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..... on'ble Court be pleased to issue a Writ of Mandamus or any other appropriate writ, order or directions directing the Respondents by themselves, their subordinates, successors in office, servants and agents to forthwith return the amount of Rs. 60 Lakhs collected from the Petitioners during investigation with interest @12% from the date of deposit upto the date of refund; 4. Regarding prayer cl .....

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..... asons the Respondents offered to explain the delay but found such reasons unacceptable. 6. Therefore, by adopting the reasoning in Welspun India Limited (supra) and following the precedent in the said decision, we quash and set aside the impugned show cause notice dated 07 May 1997. 7. Insofar as prayer clause (b) is concerned, we agree with Mr. Ochani, the learned counsel for Respondent No. 2, th .....

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