Foreign exchange adjudication inquiries require notice, hearing, relevant evidence, reasoned penalty orders, and recorded reasons for ex parte proceedings. Rule 4 prescribes the inquiry process for foreign exchange contraventions. A show-cause notice must identify the alleged contravention, and an inquiry may ... Summary
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Foreign exchange adjudication inquiries require notice, hearing, relevant evidence, reasoned penalty orders, and recorded reasons for ex parte proceedings.
Rule 4 prescribes the inquiry process for foreign exchange contraventions. A show-cause notice must identify the alleged contravention, and an inquiry may be initiated after considering the person's response. The person must be allowed to appear, be represented, and produce relevant evidence. The Adjudicating Authority may summon witnesses and documents and may proceed ex parte for non-appearance after recording reasons. A penalty order must be written, reasoned, dated, signed, and specify the contravened legal provision or authorisation condition.
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