https://www.taxtmi.com/caselaws?id=161117 Penalty and confiscation under foreign exchange law were said to be sustainable where the appellants were found in possession of substantial currency but failed to explain lawful possession satisfactorily. The Tribunal's stated approach was that a retracted inculpatory statement is not automatically excluded and may still be relied upon if it appears voluntary and is supported by surrounding circumstances. An unsubstantiated allegation of threat or coercion was held insufficient to displace the recorded statements, and the adjudication order was sustained on that basis. en-us Mon, 09 Jun 2008 00:00:00 +0530 Mon, 06 Jan 2014 11:57:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=161117 Penalty and confiscation under foreign exchange law were said to be sustainable where the appellants were found in possession of substantial currency but failed to explain lawful possession satisfactorily. The Tribunal's stated approach was that a retracted inculpatory statement is not automatically excluded and may still be relied upon if it appears voluntary and is supported by surrounding circumstances. An unsubstantiated allegation of threat or coercion was held insufficient to displace the recorded statements, and the adjudication order was sustained on that basis. Case-Laws FEMA Mon, 09 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=161117