WEBFeb 8, 2023 · Adani Power on Wednesday reported 96 per cent decline in consolidated net profit at Rs crore for December quarter 202223 mainly on the back of higher expenses. ... cites high coal import costs Adani Power on Wednesday reported 96 per cent decline in consolidated net profit at Rs crore for December quarter 202223 .
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WEBThe DRI has been investigating Adani's coal imports since 2016, suspecting overvaluation through billing higher prices on paper to its Singapore unit before being billed to its Indian arms, news ...
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WEBJan 9, 2024 · A bench of Justices Suresh Kumar Kait and Neena Bansal Krishna, while noting in its January 5 order that a petition filed by the Commissioner of Customs (Import) in a matter involving Adani Power Maharashtra Limited is pending before the Supreme Court, said its December 19, 2023 directions to the CBI and DRI in respect of Adani .
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WEBDec 12, 2017 · DHC seeks a status report from the Centre and DRI on the reason for the delay in probing the Coal Import Scam. Dailymotion Facebook Instagram Paypal Soundcloud Telegram Twitter Youtube Politics
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WEBJun 28, 2019 · According to a showcause notice issued by DRI to Reliance Infrastructure and Rosa Power in August 2016, the two firms not only violated the Customs norms but also violated other laws like the Electricity Act, 2003, Income Tax Act, 1961, Foreign Exchange Management Act, 1999, Prevention of Money Laundering Act, 2002, .
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WEBDec 20, 2023 · The Delhi High Court on Tuesday directed the Centre, the Central Bureau of Investigation and the Directorate of Revenue Intelligence to meticulously and expeditiously look into the allegations of over invoicing of coal imports and equipment by several companies, including Adani Group and Essar Group, and take appropriate actions in .
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WEBSep 20, 2018 · Earlier this year, following the LRs, a Singapore court had asked the Adani group to produce documents pertaining to Indonesian coal imports under the ongoing probe by the DRI. Adani Enterprises appealed to the Singapore high court against the lower court order but was denied relief. It then approached the Bombay HC seeking quashing of the .
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WEBSep 19, 2018 · Read Top Business News and updates on financial, economic and banking news on CNBCTV18. Mukhtar Ansari was subjected to slow poisoning in jail, says his son. GE prepares to cut 1,000 jobs in LM Wind. World Bank unlocks secret data for emerging market finance.
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WEBNov 18, 2023 · On October 17, 2019, the high court had quashed all the letters rogatory (LRs) sent by the DRI to Singapore and other countries in its ongoing investigation against the Adani Group firms for ...
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WEBOct 17, 2019 · HC quashes Letters Rogatories issued in Adani coal import case The court said it did not go into merits of LRs issued by a metropolitan magistrate but found that due procedure had not been ...
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WEBDec 19, 2023 · The Delhi High Court has directed the CBI and DRI to investigate allegations of overinvoicing of imports by power generating companies, including the Adani Group and the Essar Group.
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WEBNov 17, 2023 · Indian investigators seek Supreme Court permission to restart a probe into Adani Group's alleged coal import overvaluation. The Directorate of Revenue Intelligence aims to collect evidence from ...
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WEBJan 8, 2020 · The DRI had initiated investigations in March 2016 against a few Adani group firms for alleged overinvoicing of coal imports between 2011 and 2015. A bench headed by Chief Justice Bobde on ...
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WEBNov 17, 2023 · Adani Enterprises and its subsidiaries, led by billionaire Gautam Adani, have successfully mounted repeated legal challenges in India and Singapore to block the documents' release, court papers has denied wrongdoing, saying that Indian authorities assessed its coal shipments before releasing them from ports. In an Oct. 9 .
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WEBThe petitions relied on previous DRI investigations into the Adani Group and Essar Group, on equipment imports and over invoicing. General Elections 2024: Schedule Latest
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WEBApr 5, 2016 · A major scam involving several energy companies and traders, including some in the state sector, has been unearthed involving alleged overinvoicing of imported coal including through a tax haven to siphon off money abroad and charge higher power tariffs, according to DRI sources. The companies include some of the biggest names in .
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WEBThe Bombay HC had quashed all global information requests the DRI had sent to foreign countries pertaining to alleged overvaluation of coal imports by two Adani firms. Gautam Adani. Photo: Reuters
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WEBMar 27, 2023 · Adani News Live: The Supreme Court disposed of the petition filed by the Directorate of Revenue Intelligence (DRI) challenging orders issued last year by the Customs, Excise Service Tax Appellate Tribunal (CESTAT), quashing cases pertaining to overinvoicing allegations leveled by the DRI against three Adani group subsidiaries. .
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WEBSep 12, 2016 · The Directorate of Revenue Intelligence (DRI) has issued show cause notices to 10 public and private sector energy companies, including the Adani Group, Anil Dhirubhai Ambani Group (ADAG) and Essar Group firms. The notice is for allegedly inflating the value of coal imports from Indonesia for their power plants to siphon money aboard .
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WEBThis story is from October 17, 2019. HC quashes LRs issued in Adani coal import case. PTI / Oct 17, 2019, 21:58 IST Oct 17, 2019, 21:58 IST
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WEBNov 17, 2023 · The Directorate of Revenue Intelligence (DRI) has asked the Supreme Court to restart an investigation into the Adani Group for alleged overvaluation of coal imports. Investigators are seeking ...
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WEBFeb 10, 2023 · Probe sought into Adani company's profits from overpriced, dirty coal. A Chennaibased NGO is seeking action regarding allegations that the Adani Group has profiteered by overcharging for substandard coal in Tamil Nadu. The 'greatest con in corporate history' is actually a collection of many smaller cons, such as Adani's alleged ...
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WEBSep 19, 2018 · The Bombay High Court on Wednesday granted interim relief to the Adani group by restraining the Directorate of Revenue Intelligence (DRI) from giving effect to the letters rogatory (LRs) issued to several countries against three group companies in an alleged case of overvaluation of Indonesian coal imports in the past. A bench of justices .
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WEBOct 28, 2020 · Adani Coal Mine Read all the latest news headline updates on Adani Coal Mine. ... Get all the Adani Coal Mine breaking news updates, videos, photostories and more at Business Standard. Home. Economy; Finance; Personal Finance; World News; Latest; EPaper. EPaper; Today's Paper; Markets; ... HC quashes all Letters Rogatory .
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WEBNov 17, 2023 · India is pursuing evidence from Singapore, specifically transaction documents from 20 of Adani's banks, to trace financial activity in the coal import case. Approval from India's Supreme Court is required, followed by a subsequent order from Singapore's Court of Appeal for document release.
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WEBOct 13, 2019 · The Directorate of Revenue Intelligence (DRI) has started sending notices to exporters after the Supreme Court stayed the Gujarat High Court order on availing an exportintensive scheme.
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WEBOct 31, 2019 · Also read: Coal Import Scam: Adani Company Is Trying to Impede Investigation, DRI Tells Bombay HC As its investigations proceeded, the DRI realised it would need further documentation from the foreign branches of Indian banks, namely, ICICI Bank, Axis Bank, Bank of Baroda (BoB) and, most importantly, the State Bank of India .
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WEBApr 3, 2022 · India's southern Andhra Pradesh has cancelled bids made for two separate tenders by India's Adani Enterprises to supply imported coal as the prices quoted were too high, two state government ...
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WEBOct 18, 2019 · Bombay HC Quashes LORs Issued By DRI For Probe Into Alleged Evasion Of Customs Duty By Adani In Import Of Indonesian Coal. Nitish Kashyap .
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WEBUpdated On Nov 17, 2023 at 11:07 AM IST. Indian investigators are seeking to restart a probe into Adani Group for alleged overvaluation of coal imports and have asked the Supreme Court to allow them to collect evidence from Singapore, a step they say the company thwarted for years, legal documents show. The Directorate of Revenue .
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WEBMar 27, 2023 · AFP. The Supreme Court (SC) Monday dismissed petition filed by the Directorate of Revenue Intelligence (DRI) challenging orders issued last year by the Customs, Excise Service Tax Appellate Tribunal (CESTAT), quashing cases pertaining to overinvoicing allegations levelled by the DRI against three Adani group subsidiaries.
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WEBDec 19, 2023 · The Delhi High Court on Tuesday directed the Central Bureau of Investigation (CBI) and Directorate of Revenue Intelligence (DRI) to look into the allegations of overinvoicing of coal imports and ...
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WEBOct 31, 2019 · A Bombay High Court order in a case relating to alleged overinvoicing of coal imported from Indonesia by a company in the Adani group threatens to undermine the capabilities of India's investigative agencies and should be challenged. By Abir Dasgupta, Paranjoy Guha Thakurta. On October 17, the Bombay High Court ruled in favour of a .
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WEBOct 12, 2023 · On October 10, hearing a case regarding the alleged ove rinvoicing of Indonesian coal imported by the Adani Group, the Supreme Court clubbed the matter with another case related to alleged smuggling of dutyfree gold by a Hyderabadbased jeweller.. It was in November 2019, that the DRI had moved the apex court against a Bombay .
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WEBIndian authorities reviewed 1,300 shipments involving Adani and alleged in court filings that it "grossly overstated" or "artificially inflated the import value of coal" as compared with the ...
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A material supplier from Belgium would like to produce limestone powder for his custome...
India is rich in various mineral resources and it is an important mineral processing market
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