The Supreme Court on Wednesday paved the way for the Directorate of Revenue Intelligence, which looks at irregularities in imports and exports (aimed at evading tax, or benefiting from incentives), to restart its investigation against the Adani group in a case concerning alleged overvaluation of coal imports from Indonesia.
The apex court stayed the October 17, 2019 judgment of the Bombay high court which granted relief to Adani by quashing the letters rogatory (LRs) sent to various countries, including Singapore seeking details of the group’s coal imports from Indonesia. DRI claims much of the coal was imported through Adani’s Singapore subsidiary.
A spokesperson for Adani did not respond to queries.
