Supreme Court · 2008 INSC 767 · Decided 7 July 2008
M/S. Bharat Carpets v. Director, Enforcement Directorate
- Court
- Supreme Court of India
- Citation
- 2008 INSC 767 · [2008] 10 S.C.R. 105
- Case number
- CRIMINAL APPEAL No. 38/2003
- Decided
- 7 July 2008
- Bench
- ARIJIT PASAYAT, G.S. SINGHVI (2-judge bench)
- Outcome
- Dismissed
- Case type
- Criminal
Headnote
Foreign Exchange Regulations Act, 1973: s. 18(2) and A B (3) - Non-Repatriation of export proceeds - Penalty - Impo­ sition of - Held: Penalty rightly imposed as no material put c forth by appellant-exporter for having taken any steps for re­ patriation of the amount involved - s.18(3) against exporter whenever prescribed pe­ riod expires without repatriation of export proceeds that the requisite steps to obtain repatriation were not taken . D A notice was issued against the appellant-Firm and partners to show cause as to why action be not taken against them for non
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)