Explanation. " The points which have emerged from the discussion at the Bar and which require determination may be formulated thus: (1) What is the meaning of the expression "restrictions mean posed by sub section (1) of section 12" occurring in section 23 A of the Exchange Act ? Can other sections of the Exchange Act be looked at for determining the ambit of the restrictions imposed by section 12(1) ? Do restrictions imposed under the Rules made under the Exchange Act and relating to section 12(1) come within the meaning of this expression ? (2) What is the true meaning of the words "a declaration supported by such evidence as may be prescribed .or so specified is furnished by the exporter to the prescribed authority that the amount representing the full export value of goods has been or will within the prescribed period be paid in the prescribed manner" '? Is it necessary that the declaration shall be made honestly or in good faith '? Should it disclose the true export value it a breach of the sub section if a declaration is made honestly but happens to show incorrect export value to a small but not material extent ? Does not a deliberately false declaration contravene the provisions of section 12(1) ? (3) If an action is a contravention of section 12(1) and other provisions of the Exchange Act, e.g., sections 22, 23, 12(2), 12(3) and 12(5), was it the intention that it should be treated as a contravention of section 12(1)? Before dealing with point (1) mentioned above, a few preliminary observations may be made.