WEBNEW DELHI, Nov 17 (Reuters) 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 ...
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WEBAug 29, 2018 · The Directorate of Revenue Intelligence is investigating at least 40 companies, including those from the Adani Group, Anil Dhirubhai Ambani Group, and Essar Group for alleged overvaluation of coal ...
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WEBMar 13, 2023 · In January 2020, the Supreme Court paved the way for DRI to investigate allegations of overvaluation of coal imports from Indonesia by the Adani group. The apex court through the January 9, 2020, order stayed an October 17, 2019 judgment of the Bombay High Court which granted relief to Adani group by quashing LRs sent to various .
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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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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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WEBOct 17, 2019 · The Bombay High Court on Thursday quashed all Letters Rogatory (LRs) sent by the Directorate of Revenue Intelligence (DRI) to Singapore and other countries in its probe of Adani group firms for alleged overvaluation of Indonesian coal imports. The court said it did not go into merits of LRs issued by a metropolitan magistrate but found that .
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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 .
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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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WEBSep 15, 2016 · The DRI found as many as 40 companies were engaged in importing of Coal from Indonesia to Indian power plants. 90% of the coal is imported from Indonesia, while about 5% is imported from Australia. Adani Group of companies import around 70% and the second importer Anil Ambani's Reliance Group imports around 5%.
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WEBMar 21, 2024 · NEW DELHI: A coalition of 21 international organizations has urged Chief Justice DY Chandrachud to expedite the resolution of a pending case involving the Adani Directorate of Revenue Intelligence (DRI) is investigating the conglomerate for allegedly overvaluing coal imports from Indonesia.. This appeal follows a report by the .
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WEBWhile the Adani Group declared an average price of 130 a tonne for coal imported from its own operations in other countries, it paid 155 a tonne to these three companies. And between September ...
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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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WEBNov 17, 2023 · Since 2016, DRI has been trying to procure transaction documents related to Adani's dealings from Singapore authorities as it suspects many of the group's coal shipments imported from Indonesian ...
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WEBOct 18, 2023 · Adani, the country's largest private coal importer, has for years faced allegations that it inflated coal costs, leading to higher electricity prices for consumers.
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WEBOverinvoicing of imports by various powergenerating companies in India, including the Adani Group and the Essar Group. HC had earlier asked central probe agencies to investigate the matter.
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WEBDec 19, 2023 · Coal imports case: SC to hear in February DRI's appeal against Bombay HC order quashing LRs. 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 alleged overvaluation of Indonesian coal imports.
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WEBOct 12, 2023 · The Directorate of Revenue Intelligence (DRI) had in 2016 issued a circular saying 40 entities, including five Adani Group companies, were being investigated for alleged overinvoicing of coal ...
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WEBJul 20, 2022 · Together, the Adani subsidiaries accounted for 35 per cent of India's coal imports from April to June this year, reflecting the group's growing dominance of the country's infrastructure ...
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WEBSep 20, 2018 · In Setback to Adani Group Probe, Bombay HC Restrains DRI from Acting on Letters Rogatory. ... The CBI also only filed a PE against NTPC in the coal import scam that happened during 2008 to 2010 ...
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WEBNov 17, 2023 · Indian investigators seek to restart probe into Adani Group for alleged coal import overvaluation, request Supreme Court permission to collect evidence from Singapore. Adani denies wrongdoing ...
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WEBApr 3, 2022 · Adani, India's largest coal trader, offered to supply last month 500,000 tonnes of South African coal at 40,000 rupees () per tonne and another 750,000 tonnes at 17,480 rupees () in ...
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WEBMar 27, 2024 · NEW DELHI: A coalition of 21 international organizations has urged Chief Justice DY Chandrachud to expedite the resolution of a pending case involving the Adani Directorate of Revenue Intelligence (DRI) is investigating the conglomerate for allegedly overvaluing coal imports from Indonesia.. This appeal follows a report by the .
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WEBThe Indian revenue agency did not respond to Reuters' queries. The effort to revive the coal probe comes amid wider regulatory scrutiny of Adani since Hindenburg Research in January accused the ...
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WEBOct 17, 2019 · In April 2018, the Customs, Excise Service Tax Appellate Tribunal had rejected a DRI plea seeking over Rs 29,000 crore from a clutch of these 40 companies for alleged overvaluation of coal ...
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WEBSep 20, 2018 · The DRI investigation, started in 2009 and is still continuing, alleges overinvoicing of imported coal and powerplant equipment cumulatively amounted to around Rs 50,000 crore prior to 2008.
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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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