M/S SEEMA SILK & SAREES & ANR. vs DIRECTORATE OF ENFORCEMENT & ORS.

The Supreme Court examined the constitutionality of Sub-sections (2) and (3) of Section 18 of the Foreign Exchange Regulation Act, 1973, in light of a writ petition challenging their validity. The Court held that the provisions are constitutional and enforceable, affirming the penalties imposed for failure to repatriate export proceeds. The Court dismissed the appellants' writ petition, thereby upholding the enforcement actions taken by the authorities under the Act.