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. The US shortseller Hindenburg Research had mentioned the DRI ...
WhatsApp: +86 18203695377
Indian energy minister Piyush Goyal told Economic and Political Weekly that the DRI was "investigating cases related to misdeclaration of value (over invoicing) of coal imported from Indonesia...
WhatsApp: +86 18203695377
DRI: This iron production process directly reduces iron ore in solidstate with the reaction temperature below the melting point of iron. Reducing gases are produced from natural gas (gasbased DRI) or coal (coalbased DRI) called syngas, a mixture of H 2 and CO. Although DRI production is more energy efficient than pig iron production from BF ...
WhatsApp: +86 18203695377
"The FT's proposed story is based on the DRI's general alert circular.dated 30 March 2016," the company had said in that statement. It wasn't. The FT began its investigation on the premise that even though the DRI case had stumbled, there were reasons to believe that the group had not abandoned the practice of overinvoicing coal ...
WhatsApp: +86 18203695377
Adani Group by raking up old, baseless allegationan of overinvoicing of coal imports. The FT's proposed story is based on the DRI's eneral Alert Circular G /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
WhatsApp: +86 18203695377
August 18, 2023 Fatality. Accident Classification: Drowning. Location: Mcdowell, West ia. Mine Controller: ClevelandCliffs, Inc. Mine Type: Underground. Mined Material: Coal (Bituminous) Chargeback Date: 9/27/2023. On August 18, 2023, MSHA was informed of a miner's death at Twin State Mining, Inc.'s Mine No. 39 in Elbert, WV. MSHA ...
WhatsApp: +86 18203695377
directorate of revenue intelligence dri is seeking to restart a probe into adani group for alleged overvaluation of coal imports and has asked supreme court to allow them to collect evidence from singapore reuters reported dri has been trying since 2016 to procure transaction documents from singapore adani group has reportedly repeatedly ...
WhatsApp: +86 18203695377
DRI (containing 9094% total iron) is an excellent feed stock for electric furnaces used by mini steel plants, allowing them to use lower grades of scrap for the rest of
WhatsApp: +86 18203695377
The DRI probe against Adani and other firms began, after the agency issued a general alert to its field formations across India in March 2016, outlining the modus operandi of overinvoicing of coal imports from Indonesia. DRI alleged that money was being "siphoned" outside the country and the electricitygenerating firms were availing of ...
WhatsApp: +86 18203695377
"The FT's proposed story is based on the DRI's General Alert Circular /2016/CI dated 30 March 2016. ... It also deliberately ignores the fact that coal procurement in India on a longterm ...
WhatsApp: +86 18203695377
DRI went in for an appeal but the Supreme Court this year dismissed its petition. Adani Group in the statement said the DRI's show cause notice alleging overvaluation in the import of coal was ...
WhatsApp: +86 18203695377
In March 2016, the agency issued a general alert to its field formations across India, outlining the modus operandi of overinvoicing of coal imports from Indonesia. The DRI alleged that money was being "siphoned" outside the country and the electricitygenerating firms were availing of "higher tariff compensation based on artificially ...
WhatsApp: +86 18203695377
DRI claims much of the coal was imported through Adani's Singapore subsidiary. ... 2016 and forwarded to the competent authority in Singapore was challenged by the Adani group before the Bombay ...
WhatsApp: +86 18203695377
From Office of Pr. ADG DRI DZU situated at B3 and B4 6th Floor Pt. Deendayal Antyodya Bhawa CGO Complex Lodhi Road New Delhi110003 ( Size KB ) Communique Working of DRI Hqrs from D Block Drum Shape Building Indraprastha Bhavan Estate New Delhi110002 ( Size KB )
WhatsApp: +86 18203695377
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%.
WhatsApp: +86 18203695377
Written by Sailee Dhayalkar, Khushboo Narayan Mumbai | September 20, 2018 00:46 IST Follow Us An LR is a formal request seeking judicial assistance from a foreign country in investigating an offshore entity.
WhatsApp: +86 18203695377
Furthermore, the DRI's appeal was reportedly withdrawn by the Supreme Court of India on January 24, 2023, with an acknowledgment of the government's stance against engaging in futile litigation.
WhatsApp: +86 18203695377
"The FT's proposed story is based on the DRI's General Alert Circular /2016/CI dated March 30, 2016. ... It also deliberately ignores the fact that coal procurement in India on a longterm ...
WhatsApp: +86 18203695377
Jun 23, 2023. Around percent of the sponge iron produced in India in 2022 was under coal based process route. This was due to numerous coal based units present in the mineral rich states. The ...
WhatsApp: +86 18203695377
The company said it has been vindicated by the DRI's decision this year to withdraw an appeal to the Supreme Court in a case against one of the 40 importers named in 2016.
WhatsApp: +86 18203695377
In March 2016, the DRI initiated a probe against a few Adani Group firms for alleged overvaluation of coal imports from Indonesia between 2011 and 2015. The LRs were issued to Singapore, Dubai and Hong Kong, seeking help to access documents lying with overseas branches of three Stateowned banks relating to transactions under the probe.
WhatsApp: +86 18203695377
Direct Reduced Iron (DRI) production has increased tremendously since 1980, from essentially zero to over 21Mt in 2008, as shown in Fig 1. Of the total DRI production in 2008, 74% was produced from coal in rotary kilns and 26% from natural gas in shaft furnaces. India is now the world's largest producer of DRI.
WhatsApp: +86 18203695377
The DRI has been investigating 40 powergenerating companies and traders for the past couple of years. It has flagged prominent public and private sector companies that are suspected to be inflating the import value of coal beyond that prevailing in the international market. According to the DRI alert, "the objective is to siphon off money ...
WhatsApp: +86 18203695377
The DRI has monitored the details of coal imports of these companies till 31 March 2016, information accessed by the authors suggests. Web of Scams. This revelation comes weeks after the DRI secured the first arrest of an accused person who was allegedly involved in overinvoicing of coal imported from Indonesia.
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
