Supreme Court · 2007 INSC 526 · Decided 7 May 2007
M/S. Taarika Exports and ANR. v. Union of India and ANR.
- Court
- Supreme Court of India
- Citation
- 2007 INSC 526 · [2007] 6 S.C.R. 94
- Case number
- CIVIL APPEAL No. 2378/2007
- Decided
- 7 May 2007
- Bench
- ARIJIT PASAYAT, D.K. JAIN (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- Constitution Article 226
Headnote
EXPORTS AND ANR. v. UNION OF INDIA AND ANR. MAY 7, 2007 B [DR. ARIJITPASAYAT AND D.K. JAIN,JJ.] Import and Exports (Control) Act, 1947-S 4-I(l) Liability of penalty-­ Issuance of advance licence for import free of customs duty-Non-compliance of export obligation under the licence as well were at variance, as such liable to pay penalty­ Thus, order of Authorities below and the High Court calls for no interference-­ However, considering the value of articles, penalty reduced from Rs. 45 lakhs nto Rs. 20 Lakhs-Import (Control) Order, 1955-Clause 8-Foreign Trade
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