https://www.taxtmi.com/caselaws?id=112707 Material misdeclaration of the export product's composition, where admitted and used to secure a higher benefit under the DEEC scheme, attracted Rule 11 of the Foreign Trade (Regulation) Rules, 1993 and rendered the goods liable to confiscation under Section 113(d) of the Customs Act, 1962, with corresponding penalty under Section 114(i). The confiscation and penalty were upheld on merits. Because the goods were not prohibited for export and denial of the DEEC benefit had already been secured, the redemption fine and penalty were moderated and reduced. en-us Fri, 14 Feb 1997 00:00:00 +0530 Tue, 01 May 2012 14:19:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112707 Material misdeclaration of the export product's composition, where admitted and used to secure a higher benefit under the DEEC scheme, attracted Rule 11 of the Foreign Trade (Regulation) Rules, 1993 and rendered the goods liable to confiscation under Section 113(d) of the Customs Act, 1962, with corresponding penalty under Section 114(i). The confiscation and penalty were upheld on merits. Because the goods were not prohibited for export and denial of the DEEC benefit had already been secured, the redemption fine and penalty were moderated and reduced. Case-Laws Customs Fri, 14 Feb 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112707