COMMNR. OF CENTRAL EXCISE & CUSTOMS, A.P vs SURESH JHUNJHUNWALA .

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 description misrepresented, justifying the rejection of the DEPB credit amounting to Rs. 41,06,700. The Court affirmed the imposition of a redemption fine of Rs. 5,00,000 for the confiscated goods, emphasizing the importance of accurate declarations in customs procedures.