https://www.taxtmi.com/caselaws?id=124899 A show-cause notice issued and signed within the statutory sunset period was treated as sufficient to constitute cognizance of contravention under the Foreign Exchange Management Act, so the jurisdictional objection under section 49(3) failed. On the exchange-control allegations, the tribunal accepted documentary and circumstantial evidence that the imported CD-ROMs were misdeclared, over-invoiced, and not genuine computer software as claimed, and held that the foreign exchange obtained was not used for the stated purpose as required by sections 8(3) and 8(4) of the Foreign Exchange Regulation Act. It also found intentional aid and active complicity by the other appellants, establishing abetment. The penalties were sustained. en-us Mon, 25 Feb 2008 00:00:00 +0530 Tue, 16 Oct 2012 18:35:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124899 A show-cause notice issued and signed within the statutory sunset period was treated as sufficient to constitute cognizance of contravention under the Foreign Exchange Management Act, so the jurisdictional objection under section 49(3) failed. On the exchange-control allegations, the tribunal accepted documentary and circumstantial evidence that the imported CD-ROMs were misdeclared, over-invoiced, and not genuine computer software as claimed, and held that the foreign exchange obtained was not used for the stated purpose as required by sections 8(3) and 8(4) of the Foreign Exchange Regulation Act. It also found intentional aid and active complicity by the other appellants, establishing abetment. The penalties were sustained. Case-Laws Central Excise Mon, 25 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124899