Supreme Court · 2003 INSC 306 · Decided 7 July 2003
M/S. Om Prakash Bhatia v. Commissioner of Customs, Delhi
- Court
- Supreme Court of India
- Citation
- 2003 INSC 306 · [2003] SUPP. 1 S.C.R. 412
- Case number
- CIVIL APPEAL No. 4060/2001
- Decided
- 7 July 2003
- Bench
- M.B. SHAH, ARUN KUMAR (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Customs Act Section 2(41), 2(33)
Headnote
Customs Act, I 962: Section 2(23)-Export of good~-Over invoicing-If an attempt to export C prohibited goods-Held: Yes, since over invoicing of goods is not mentioning true sale consideration of goods which amounts to violation of condition for export of goods. Section 14-Export of goods-Value to receive by sale of goods in overseas market-Held: Exporter has to declare full export value of the goods exported as under section 14-Criterion is the price at which such or like goods are ordinarily sold or offered for sale in the course of international trade where the seller and buyer have
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