https://www.taxtmi.com/caselaws?id=93166 False or inflated export declarations can be examined by customs authorities where the declared export value is not truthful. Section 14(1) of the Customs Act was treated as empowering valuation of export goods independently of whether the goods were dutiable, and the Customs Act operated alongside the foreign exchange law to permit scrutiny of the declaration. On the evidence, the inflated pricing was treated as a colourable device to channel money into India clandestinely. Confiscation and penalty were upheld, and the exporter's challenge failed. en-us Thu, 26 Aug 1999 00:00:00 +0530 Tue, 08 Nov 2011 16:59:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93166 False or inflated export declarations can be examined by customs authorities where the declared export value is not truthful. Section 14(1) of the Customs Act was treated as empowering valuation of export goods independently of whether the goods were dutiable, and the Customs Act operated alongside the foreign exchange law to permit scrutiny of the declaration. On the evidence, the inflated pricing was treated as a colourable device to channel money into India clandestinely. Confiscation and penalty were upheld, and the exporter's challenge failed. Case-Laws Customs Thu, 26 Aug 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93166