https://www.taxtmi.com/caselaws?id=80367 Proceedings under section 51 of the Foreign Exchange Regulation Act, 1973 commence only on service of the show cause notice, not on mere despatch, because the statutory requirement of a reasonable opportunity is satisfied only by service. Indian currency seized under section 41 may be retained for no more than one year unless proceedings under section 51 are commenced within that period or prosecution under section 56 is instituted before a court. On the stated facts, the notice was served after one year and prosecution began later, so continued retention was unlawful and the currency had to be returned, subject to a limited deferment to complete pending adjudication. en-us Fri, 28 Oct 1988 00:00:00 +0530 Thu, 16 Jun 2011 13:28:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=80367 Proceedings under section 51 of the Foreign Exchange Regulation Act, 1973 commence only on service of the show cause notice, not on mere despatch, because the statutory requirement of a reasonable opportunity is satisfied only by service. Indian currency seized under section 41 may be retained for no more than one year unless proceedings under section 51 are commenced within that period or prosecution under section 56 is instituted before a court. On the stated facts, the notice was served after one year and prosecution began later, so continued retention was unlawful and the currency had to be returned, subject to a limited deferment to complete pending adjudication. Case-Laws FEMA Fri, 28 Oct 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=80367