Supreme Court of India

M/s. Bharat Carpets v. Director, Enforcement Directorate

Neutral citation
Reported as [2008] 10 S.C.R. 105
Decided 7 July 2008

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 Regulations Act, 1973: s. 18(2) and (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) creates rebutable legal presumption against exporter whenever prescribed pe­ riod expires without repatriation of export proceeds that the requisite steps to obtain repatriation were not taken . notice was issued against the appellant-Firm and partners to show cause as to why action be not taken against them for

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