DRI probe may affect Rs 800crore relief to Adani The DRI alleged at least 40 power generating firms imported Indonesian coal directly from ports in that country to India while import invoices were routed through one or more intermediaries based in Singapore, Hong Kong, Dubai and British Virgin Islands to artificially inflate its value.
Coal import 'overvaluation case': DRI's showcause notice upheld | India News The Indian Express Elections 2023 Advertisement News India Coal import 'overvaluation case': DRI's showcause notice upheld Premium Coal import 'overvaluation case': DRI's showcause notice upheld
"The FT's proposed story is based on the DRI's General Alert Circular /2016/CI dated 30 March 2016. ... the fact that coal procurement in India on longterm supply basis is done through ...
New Delhi | Updated: November 18, 2023 11:43 IST Follow Us It was in November 2019 that the DRI had moved the apex court against a Bombay High Court order in favour of the Adani Group. The case has been heard five times in four years and is yet to reach the stage of final arguments. Listen to this article 00:00 1x
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 Intelligence since 2016 has been trying to procure ...
Black Money Corruption DRI show cause notices to Adani, Reliance Infra Essar on coal import scams as PSU Banks hide details Are SBI, BoB UCO Banks trying to hushup an alleged,000 crore ( billion) Coal Import scam? By Team PGurus September 15, 2016
In its status report filed on March 8,the CBI had said that the coal block allocation during 200609 was done without verifying the credentials of companies which allegedly misrepresented facts about themselves and no rationale was given by the Coal Ministry in giving coal blocks to them. CBI has so far registered 11 FIRs in the matter.
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The DRI alleged that money was being "siphoned" outside the country and the electricitygenerating firms were availing of "higher tariff compensation based on artificially inflated cost of the imported coal".
Similarly, there is also SBI Express Rupee facility available in Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and UAE, However, this route will take at least 1 to 2 days time for transfering money in India. Apart from this there is also SBI Express Remit UK for customers based out of United Kingdom and SBI Express Remit Canada for customers based ...
Inward Remittance to India Funds transfer through SWIFT / Wire Transfer mechanism ₹ 25/ SBI Express Remit UK ₹ 250/ + any one from the below as per the case applicable: For amount between GBP 5 GBP 500: o For direct credit to SBI: Nil o For credit to other banks through NEFT/ RTGS: Nil For amount above GBP 500:
April 28, 2022 04:30 IST. At its Raigarh unit in Chhattisgarh, JSPL will raise capacity to mtpa from mtpa now by 203031. Sanguine about the steel sector's prospects within and an ...
For safe and simple remittances to India, the nation's largest lender, State Bank of India (SBI), has collaborated with Remitly. The US Department of Treasury has certified Remitly as money ...
SBI is in the process of issuing new cards at no cost to those card holders whose cards have been blocked. This is a cards industry incident (not only SBI)," SBI said. However, other banks are yet to make any announcement on the security breach. However, customers said SBI branches told them the issue of new debit cards can take up to three ...
The DRI alleged that in certain cases, the import value of Indonesian coal was artificially inflated by about 50 to 100 per cent by changing test reports which measure the calorific value of coal. Artificial inflation of value of the imported coal increases the landed cost of coal, which is a primary fuel in coal fired thermal power plants. The ...
The DRI case against the Adani Group assumes significance as the Central Electricity Regulatory Commission (CERC) had in November 2017 pointed out that findings of the probe into alleged overinvoicing of Indonesian coal importsbyadanipowerwouldaffect the compensation it received from distribution companies in Haryana.
The Directorate of Revenue Intelligence (DRI) has issued showcause notices to leading conglomerates Anil Dhirubhai Ambani Group (ADAG), Adani Group and Essar Group in two separate cases of alleged violation of norms, official sources told The Indian Express. Sources said the DRI has issued notices of over Rs 350 crore to Reliance ...
The agency, according to sources, found that inflated invoices received in India were issued by intermediaries, allegedly subsidiary companies of Indian importers or their fronts. The DRI alleged that in certain cases, the import value of Indonesian coal was artificially inflated by about 50100 per cent by changing test reports which measure ...
It needs bouquets rather than brickbats. This column first appeared in the print edition on October 18, 2021 under the title 'The fall guy'. The writer is former chairman, Coal India Ltd. Partha Bhattacharyya writes: Coal India has been meeting the demand for coal, helping generate power at affordable tariffs.
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