Supreme Court of India
M.G. Wagh & Ors. v. Jay Engineering Works Ltd.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
From the 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 goods exported 'on sale' in the context of safe.comp· feted before export-Words and phrases-Meaning of the 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
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