https://www.taxtmi.com/caselaws?id=277760 Section 12(2) of the Foreign Exchange Regulation Act, 1947 requires an exporter to realise and repatriate the full export value declared in Form G.R. 1 within the prescribed period; over-invoicing does not displace that obligation. Discretionary certiorari relief may be refused where the challenge depends on the applicant's own fraudulent conduct, voluntary disclosures, or false declarations. Section 23(1) provides statutory guidance for selecting adjudication or prosecution and determining penalties within prescribed limits, addressing an Article 14 challenge. Allegations of bias or extraneous considerations require material showing reliance on irrelevant matter; an available statutory appeal may support judicial restraint. en-us Thu, 02 Feb 1967 00:00:00 +0530 Fri, 21 Dec 2018 12:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277760 Section 12(2) of the Foreign Exchange Regulation Act, 1947 requires an exporter to realise and repatriate the full export value declared in Form G.R. 1 within the prescribed period; over-invoicing does not displace that obligation. Discretionary certiorari relief may be refused where the challenge depends on the applicant's own fraudulent conduct, voluntary disclosures, or false declarations. Section 23(1) provides statutory guidance for selecting adjudication or prosecution and determining penalties within prescribed limits, addressing an Article 14 challenge. Allegations of bias or extraneous considerations require material showing reliance on irrelevant matter; an available statutory appeal may support judicial restraint. Case-Laws FEMA Thu, 02 Feb 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277760