Commissioner Of Central Excise & ... vs Suresh Jhunjhunwala & Ors

The Supreme Court upheld the order of the Commissioner of Customs, which denied the export of goods under the Duty Entitlement Pass Book Scheme (DEPB) and confiscated the goods under Sections 113(d), 113(h), and 113(i) of the Customs Act, 1962. The Court found that the declared value of the goods was grossly inflated and the goods were misdeclared, thus justifying the penalties imposed under Section 114(i) of the Customs Act. The Court affirmed the penalties of Rs.40 lakhs and Rs.30 lakhs on the respective respondents, reinforcing the principle that misrepresentation in export declarations warrants strict penalties.