https://www.taxtmi.com/caselaws?id=244289 Payment of the India-based salary component in Indian rupees to expatriate employees seconded to Indian subsidiaries did not amount to a contravention of Section 8(1) of the Foreign Exchange Regulation Act, 1973 where the employees remained on the foreign parent's rolls and the overseas component was paid abroad by that parent. On the record, the subsidiaries did not remit or acquire foreign exchange, and there was no factual basis to treat the parent's foreign payments as having been made on their behalf. The adjudication could not also be sustained on a new Foreign Exchange Control Manual basis not alleged in the notices, and the penalty orders failed for lack of reasons on quantification. en-us Tue, 11 Feb 2014 00:00:00 +0530 Mon, 09 May 2016 11:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244289 Payment of the India-based salary component in Indian rupees to expatriate employees seconded to Indian subsidiaries did not amount to a contravention of Section 8(1) of the Foreign Exchange Regulation Act, 1973 where the employees remained on the foreign parent's rolls and the overseas component was paid abroad by that parent. On the record, the subsidiaries did not remit or acquire foreign exchange, and there was no factual basis to treat the parent's foreign payments as having been made on their behalf. The adjudication could not also be sustained on a new Foreign Exchange Control Manual basis not alleged in the notices, and the penalty orders failed for lack of reasons on quantification. Case-Laws FEMA Tue, 11 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244289