https://www.taxtmi.com/caselaws?id=98510 A misdeclaration of export value does not, by itself, create a prohibition or restriction on export so as to attract confiscation under clause (d) of section 113 of the Customs Act, 1962. The note states that Section 11 of the Foreign Trade (Development and Regulation) Act, 1992 and the Foreign Trade (Regulation) Rules, 1993 do not convert a value declaration lapse into a confiscatory violation, and Rule 17 does not authorise confiscation on that basis. On valuation, the department's evidence and the exporter's cost statement were both found unsatisfactory, so the DEPB-related value question required fresh determination by the Commissioner on fuller evidence. en-us Mon, 23 Apr 2001 00:00:00 +0530 Fri, 20 Jan 2012 18:16:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98510 A misdeclaration of export value does not, by itself, create a prohibition or restriction on export so as to attract confiscation under clause (d) of section 113 of the Customs Act, 1962. The note states that Section 11 of the Foreign Trade (Development and Regulation) Act, 1992 and the Foreign Trade (Regulation) Rules, 1993 do not convert a value declaration lapse into a confiscatory violation, and Rule 17 does not authorise confiscation on that basis. On valuation, the department's evidence and the exporter's cost statement were both found unsatisfactory, so the DEPB-related value question required fresh determination by the Commissioner on fuller evidence. Case-Laws Customs Mon, 23 Apr 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98510