Proof of software import is essential for foreign-exchange remittances, and responsible officers may incur vicarious FEMA liability.

FEMA compliance turns on valid approval, substantive escrow arrangements, officer due diligence, and residential status for repatriation duties.

Vicarious liability for export proceeds arose from assigned transaction responsibility, while FEMA civil penalty required no mens rea.

Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...

Penalty discretion under FEMA remains intact where a reasoned order is supported by evidence and inadequacy is unproven.

Inherent jurisdiction, mandatory FERA notice and speedy-trial protections required quashing of prolonged criminal proceedings.

Discretionary confiscation under FEMA requires a reasoned factual exercise and is not automatic alongside monetary penalties.

Special Rupee Vostro Accounts enable INR trade settlement and permissible cross-border transactions under consolidated operational instructions.

Director liability under FEMA needs proof of responsibility for business; mere designation cannot sustain penalty.

Deferred import payments treated as foreign exchange borrowing, with directors liable and civil penalty upheld under FEMA.

FEMA reporting breach and director liability upheld, while penalties were reduced on proportionality grounds despite later circular plea

Foreign exchange contraventions under FEMA: import remittances sustained, but overlapping penalties on attorney holder deleted

Vicarious liability for export-proceed penalties requires proof that a director was responsible for company business at contravention.

FEMA circular review withdraws obsolete directions superseded by later regulatory amendments and overlap under the revised framework.

FEMA contravention does not automatically void a sale; challenge was barred, while ancestral partition survived.

FEMA reporting rules rationalised: revised FLM-8, quarterly franchisee disclosures, and several returns discontinued

Open position computation for AD Cat-I banks excludes hedged FCNR(B) and foreign borrowing transactions under revised RBI directions.

Compounding of Foreign Contribution offences revised with updated officers, monetary formulas, and non-reopening of closed cases.

FCRA registration rules tightened with new key functionary, purpose, utilisation, and disclosure requirements for associations.

SNRR account rules expanded to cover IFSC branches, transfer pathways, and purpose-based non-resident transactions.