Extended Limitation Period u/s 11A of Central Excise Act not Applicable as Books of Accounts Properly Maintained: CESTAT grants Relief to Coco Cola

Delhi HC Sustains Existing Allocation of Bullion TRQ Post Review Meeting of UAE-India CEPA The Delhi High Court has sustained the existing allocation of the bullion tariff rate quota (TRQ) following a review meeting of the UAE-India Comprehensive Economic Partnership Agreement (CEPA). The TRQ pertains to the import of gold and other precious metals between India and the UAE, with the aim of regulating imports while maintaining trade relations. The court's decision ensures the continuation of the existing allocation rules, which are critical for managing the flow of bullion and protecting domestic industries. This ruling upholds the trade framework established under the CEPA, ensuring stability in the bullion trade between the two nations.