https://www.taxtmi.com/caselaws?id=217090 The Court held that interest under Rule 8 of FEMA rules cannot be awarded on seized foreign currency through a writ petition. The judgment allowing interest on foreign currency was set aside, and the appeal was allowed, dismissing the respondent's petition. The Court clarified that Rule 8 applies to seizure under Section 37 of FEMA, distinguishing between Indian and foreign currency for interest provisions. en-us Wed, 01 Feb 2012 00:00:00 +0530 Mon, 01 Oct 2012 18:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217090 The Court held that interest under Rule 8 of FEMA rules cannot be awarded on seized foreign currency through a writ petition. The judgment allowing interest on foreign currency was set aside, and the appeal was allowed, dismissing the respondent's petition. The Court clarified that Rule 8 applies to seizure under Section 37 of FEMA, distinguishing between Indian and foreign currency for interest provisions. Case-Laws FEMA Wed, 01 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217090