https://www.taxtmi.com/caselaws?id=81124 Misdeclaration of quantity or export value in breach of the truthful export declaration requirement under the Foreign Exchange Regulations Act, 1973 was treated as a prohibition under the Customs Act, 1962 through Section 67 of that Act. Goods exported contrary to that prohibition were liable to confiscation under Section 113(d), and the exporter became liable to penalty under Section 114. On the stated facts, the misdeclaration was found both in quantity and value, and the explanation offered was held insufficient. The confiscation and penalty were therefore upheld. en-us Wed, 27 Feb 1991 00:00:00 +0530 Wed, 22 Jun 2011 15:48:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=81124 Misdeclaration of quantity or export value in breach of the truthful export declaration requirement under the Foreign Exchange Regulations Act, 1973 was treated as a prohibition under the Customs Act, 1962 through Section 67 of that Act. Goods exported contrary to that prohibition were liable to confiscation under Section 113(d), and the exporter became liable to penalty under Section 114. On the stated facts, the misdeclaration was found both in quantity and value, and the explanation offered was held insufficient. The confiscation and penalty were therefore upheld. Case-Laws Central Excise Wed, 27 Feb 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=81124