Supreme Court · 1987 INSC 9 · Decided 13 January 1987
M.G. Wagh & ORS. v. Jay Engineering Works LTD.
- Court
- Supreme Court of India
- Citation
- 1987 INSC 9 · [1987] 1 S.C.R. 981
- Case number
- CIVIL APPEAL No. 797/1976
- Decided
- 13 January 1987
- Bench
- M.P. THAKKAR, K.N. SINGH (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
Headnote
Foreign Exchange Regulation Act of 1947, sections JO and 12 (2)-Scope and Interpretation of-Whether section 12(2) designed to· prevent wholesale or partial evasion of repatriation of earnings from export of goods covers only sale proceeds of goods exported 'for sale' or to sale proceeds of expression 'No person entitled to self or procure the sale of the goods.' Section 12(2) of the Foreign Exchange Regulation Act, 1947 which is designed to prevent wholesale or partial evasion of repatriation of . earnings from export of goods is to the effect that 'where any export of goods has
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