WEBOct 10, 2023 · Having failed earlier, a foreign publiion is "making another effort to financially destabilise the Adani Group by raking up an old, baseless allegation of overinvoicing of coal imports," Adani Group said in a statement. It said the proposed story by the publiion is based on the DRI's General Alert Circular dated March 30, 2016.
WhatsApp: +86 18203695377
WEBNov 18, 2023 · In September, AEL approached the high court seeking to quash the LRs issued in 2016. In March 2016, the DRI initiated a probe against a few Adani Group firms for alleged overvaluation of coal ...
WhatsApp: +86 18203695377
WEBJun 21, 2019 · The DRI affidavit said that AEL moved the Bombay High Court to question the issuance of LRs only after a Singapore court allowed India's request to access documents that allegedly contain "clinching evidence" against Adani Group's "blatant" hike in prices of imported coal for "siphoning" money and "increasing" the cost of power sold .
WhatsApp: +86 18203695377
WEBJun 21, 2019 · The Directorate of Revenue Intelligence has accused Adani Enterprises Limited of trying to obstruct its investigation into the overvaluation of coal imports by some group firms, The Indian Express ...
WhatsApp: +86 18203695377
WEBNov 17, 2023 · New Delhi: 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 Intelligence since 2016 has been trying to .
WhatsApp: +86 18203695377
WEBNov 3, 2019 · The Delhi High Court had directed DRI to file an affidavit as it is hearing a public interest litigation (PIL) filed by senior advoe Prashant Bhushan on the alleged overvaluation of Indonesian coal and power equipment imports by about 40 firms in the country to the tune of Rs 29,000 crore. According to the DRI affidavit, it has adjudied ...
WhatsApp: +86 18203695377
WEBAdani suspected of fraud by selling lowgrade coal as highvalue fuel on facebook (opens in a new window) Adani suspected of fraud by selling lowgrade coal as highvalue fuel on linkedin (opens ...
WhatsApp: +86 18203695377
WEBOct 19, 2023 · Adani imported coal at higher than market value, Indians paid ₹582 cr: Report ... 2016. The FT's brazen agenda is exposed by the fact that they have singled out the Adani Group, while the DRI's Circular, the raison d'etre for the whole story, mentions as many as 40 importers, including the Adani Group companies, said the report. ...
WhatsApp: +86 18203695377
WEBSep 18, 2018 · In March 2016, the DRI had initiated probe against some Adani Group firms for alleged overvaluation of coal imports from Indonesia between 2011 and 2015.
WhatsApp: +86 18203695377
WEBFive Adani companies and a further five supplied by the group were among 40 importers named by the DRI in a 2016 notice of an investigation into intelligence that they were "artificially ...
WhatsApp: +86 18203695377
WEBSep 19, 2018 · The DRI is probing at least 40 companies including two companies of the Anil Dhirubhai Ambani Group (ADAG), two Essar Group firms and a few public sector power firms for alleged overvaluation of coal imports from Indonesia pegged at Rs 29,000 crore between 2011 and 2015. In March 2016, DRI issued a general alert to its field .
WhatsApp: +86 18203695377
WEBJan 19, 2024 · In part 1 of this twopart series, AdaniWatch published documents that show how associates of the Adani Group established an intermediary company to overcharge an Adani company for machinery required for large powergenerating plants. Funds were then allegedly siphoned off to entities in taxhaven countries that were controlled by Vinod .
WhatsApp: +86 18203695377
WEBNov 17, 2023 · The government is seeking to restart a probe into Adani Group coal imports ... The DRI won a magistrate court's approval in 2016 whereby that court agreed to send letters of request to the ...
WhatsApp: +86 18203695377
WEBOct 18, 2023 · The Adani group's rebuttal focuses on two points. The first of it is about the publiion basing its story on the Directorate of Revenue Intelligence's March 2016 circular. For perspective, the notice spoke of "certain importers of Indonesian Coal were artificially inflating its import value as compared to the actual value".
WhatsApp: +86 18203695377
WEBOct 9, 2023 · Having failed earlier, the FT is making another effort to financially destabilise the Adani Group by raking up an old, baseless allegation of overinvoicing of coal imports. The FT's proposed story is based on the DRI's General Alert Circular /2016/CI dated 30 March 2016.
WhatsApp: +86 18203695377
WEBSep 13, 2016 · Officials said the overvaluation in the case of Adani and Essar was Rs 800 crore and Rs 500 crore, respectively. In the case of ADAG, the overvaluation is pegged at Rs 350 crore. TOI was the first ...
WhatsApp: +86 18203695377
WEBFor this assessment, the CAG analysed 131 of 297 consignments of imported coal received by TANGEDCO under five tenders floated between October 2013 and February 2016 for a total of million ...
WhatsApp: +86 18203695377
WEBThe petitioners had referred to show cause notices issued by the DRI dated May 15, 2014 and March 31, 2016 that spoke of various entities of the two corporate giants indulging in gross over ...
WhatsApp: +86 18203695377
WEBMay 22, 2024 · Arappor Iyakkam, a Tamil Nadubased NGO that has been fighting for accountability in the alleged coal scam, estimates that the state's power company TANGEDCO overpaid Rs 6,000 crore (720 million at today's exchange rate) for coal from all vendors between, during which nearly half the value of its tenders were .
WhatsApp: +86 18203695377
WEBFeb 15, 2024 · The Delhi High Court has directed the Union Government, the Central Bureau of Investigation (CBI), and the Directorate of Revenue Intelligence (DRI) to meticulously and expeditiously investigate allegations of overinvoicing in coal imports and equipment by several power companies, including the Adani Group and Essar Group. .
WhatsApp: +86 18203695377
WEBNov 18, 2023 · The Directorate of Revenue Intelligence (DRI) is seeking to resume its inquiry into allegations of the Adani Group overvaluing coal imports, as reported by Reuters. The DRI has approached the Supreme Court for permission to gather evidence from Singapore. In 2016, the tax intelligence agency had issued a circular, asserting that .
WhatsApp: +86 18203695377
WEBJun 2, 2024 · More than a decade after India's "Coalgate" scandal rocked the previous government, a different coal scam involving alleged overinvoicing of imported coal by major corporations like Adani, Reliance, Tata and Essar has seemingly been brushed under the carpet. Despite evidence unearthed by investigative agencies like the .
WhatsApp: +86 18203695377
WEBJan 9, 2024 · The CPIL's counsel had earlier informed the court that the DRI had in March 2016 identified 40 power companies that overinvoiced coal imported from Indonesia.
WhatsApp: +86 18203695377
WEBFeb 12, 2023 · Case #4: Period under Investigation: 2011 to 2016 — Overinvoice Indonesian Coal Imports In another investigation by the DRI, Adani Group was said to be involved in INR 290 Billion ( ~ Bn) scam to overinvoice Indonesian Coal Imports, transferring costs to taxpayers. NEW FROM US:
WhatsApp: +86 18203695377
WEBJan 9, 2020 · In September, AEL approached the high court seeking to quash the LRs, issued in 2016. In March 2016, the DRI initiated a probe against a few Adani group firms for alleged overvaluation of coal ...
WhatsApp: +86 18203695377
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. .
WhatsApp: +86 18203695377
WEBThe petitioners had referred to show cause notices issued by the DRI dated May 15, 2014 and March 31, 2016 that spoke of various entities of the two corporate giants indulging in gross over ...
WhatsApp: +86 18203695377
WEBMay 21, 2024 · Adani said it was vindied by the DRI's decision last year to withdraw an appeal to the Supreme Court in a case against one of the 40 importers named in 2016.
WhatsApp: +86 18203695377
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
Copyright © 2023 GMC Co., Ltd. SiteMap
