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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WEBNov 17, 2023 · Indian 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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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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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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WEBOct 17, 2023 · Adani Group accused of importing coal at inflated prices; denies allegations. FT report based on 30 shipments of coal from Indonesia to India over 32 months. Prices declared to custom officers in ...
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WEBFeb 4, 2023 · According to reports, the DRI has alleged that Adani Group inflated bills for two companies. However, the CESTAT had denied the allegations. The companies in question are Adani Power Maharashtra ...
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WEBOct 13, 2023 · Indian import data since July 2021 indies that Adani paid a total of billion to these companies for coal sourced at substantial premiums to market prices. The details regarding these ...
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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.
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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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WEBJan 10, 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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WEBNov 17, 2023 · Since 2016, the Directorate of Revenue Intelligence (DRI) has been actively seeking transaction records linked to Adani's dealings from Singapore authorities. ... In court filings, Indian authorities claimed Adani 'grossly overstated' coal import values, potentially siphoning funds to tax havens and inflating power prices in India, with sums ...
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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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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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WEBThe Wire: The Wire News India, Latest News,News from India, Politics, External Affairs, Science, Economics, Gender and Culture
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WEBJul 25, 2022 · Billionaire Gautam Adani's conglomerate is benefiting from India's rush to import coal to ease a supply crunch, winning a huge majority of import orders from state power giant NTPC Ltd. New Delhibased NTPC has placed orders for 20 million tons of imported coal for the fiscal year ending March, of which almost million tons have .
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WEBAdani coal import case: SC allows DRI to restart probe. The apex court stayed the October 17, 2019 judgment of the Bombay high court which granted relief to Adani by quashing the letters rogatory ...
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WEBNov 17, 2023 · The 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 tycoon and his conglomerate of improper use of tax havens and stock manipulation. Despite Adani's denials, the short seller's report .
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WEBJan 9, 2020 · The Supreme Court revived on Wednesday, 9 January, the probe against a Adani group firm in a case of alleged overvaluation of Indonesian coal imports by staying the Bombay High Court's decision ...
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WEBOct 18, 2019 · In a major relief to Adani Enterprises Limited (Adani), the Bombay High Court on Thursday set aside all Letter Rogatory (LRs) issued on the request of the Directorate of Revenue Intelligence (DRI) to Singapore and other countries to investigate the Adani Group firms for the alleged overvaluation of Indonesian coal imports between .
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WEBOct 18, 2019 · 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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WEBIn early February 2023, the Directorate of Revenue Intelligence (DRI) of the Ministry of Finance moved the Supreme Court against an Appellate Tribunal's order quashing DRI's case alleging overinvoicing of coal supplies procured by three Adani Group companies. The DRI's case, reported in September 2021 by AdaniWatch, alleged that the ...
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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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WEBJan 8, 2020 · The DRI is probing at least 40 companies for alleged overvaluation of coal imports from Indonesia, to the tune of Rs 29,000 crore. DRI said that if the HC judgment is not stayed, grave prejudice ...
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WEBJan 13, 2020 · Supreme court Stays Bombay HC Judgement Quashing LRs Issued by DRI in Adani Coal Import case . 13th January 2020. Supreme court Stays Bombay HC Judgement Quashing LRs Issued by DRI in Adani Coal Import case . Adani Group – SC.
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WEBOct 9, 2023 · The FT's proposed story is based on the DRI's General Alert Circular /2016/CI dated 30 March 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'être for the whole story, mentions as many as 40 importers including the Adani Group companies.
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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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WEBOct 13, 2023 · The Adani group has been rocked by another damning report that claims it imported billions of dollars of coal at prices well above market prices, igniting suspicion that the country's largest private importer of coal has been inflating fuel costs and forcing consumers and businesses to overpay for electricity.
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WEBFeb 10, 2023 · Earlier, in November, the agency had filed a similar appeal in connection with the relief granted to two other Adani group subsidiaries, Adani Power Maharashtra Ltd (APML) and Adani Power Rajasthan Ltd (APRL) in a similar case. ... On February 3, replying to ET's queries on the DRI's appealsfiled in November, an Adani group .
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WEBJan 6, 2024 · The HC order came on an appliion filed by Adani Power seeking recall of the HC's December 19 order that directed the CBI and Directorate of Revenue Intelligence to meticulously and expeditiously look into the allegations of over invoicing of coal imports and equipment by various companies including, Adani Group and Essar Group, to .
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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 ...
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WEBOct 12, 2023 · In export records the price was mn, plus 42,000 for shipping and insurance. On arrival at India's largest commercial port, Mundra in Gujarat run by Adani, the declared import value was mn." In one instance, the value of a shipment of coal was shown as Rs 139 million ( million) when the ship left an Indonesian port.
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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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