https://www.taxtmi.com/caselaws?id=41351 Currency notes were treated as within the prohibitory scheme governing export restrictions, because the exchange-control restrictions under the Foreign Exchange Regulation Act were read with the customs provisions through the statutory deeming clause. A firm was also held capable of liability under the penal regime, since the definition of "person" extended to firm-like entities and made responsible partners answerable for the business. On the facts, clandestine export, fictitious shipping particulars, concealment, and matching book entries established an attempted contravention and conscious participation, so liability was sustained against the firm and its connected partners. en-us Mon, 17 Jan 1972 00:00:00 +0530 Wed, 03 Feb 2016 14:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=41351 Currency notes were treated as within the prohibitory scheme governing export restrictions, because the exchange-control restrictions under the Foreign Exchange Regulation Act were read with the customs provisions through the statutory deeming clause. A firm was also held capable of liability under the penal regime, since the definition of "person" extended to firm-like entities and made responsible partners answerable for the business. On the facts, clandestine export, fictitious shipping particulars, concealment, and matching book entries established an attempted contravention and conscious participation, so liability was sustained against the firm and its connected partners. Case-Laws Customs Mon, 17 Jan 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=41351