https://www.taxtmi.com/caselaws?id=245226 Foreign exchange proceedings under the repealed Foreign Exchange Regulation Act, 1973 were not rendered invalid where the alleged contraventions arose from 1997-98 transactions and the notices were treated as a continuation of the earlier cause. However, overseas documents, reports and statements relied on in adjudication had to satisfy the statutory authentication requirements under Section 72 and the prescribed rules. In the absence of lawful authentication, such foreign material could not be treated as substantive evidence to prove undervaluation or foreign exchange violation. The adjudication and appellate orders were set aside and the appeals succeeded, with consequential refund, if any, in accordance with law. en-us Wed, 12 Mar 2014 00:00:00 +0530 Tue, 07 Feb 2017 14:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245226 Foreign exchange proceedings under the repealed Foreign Exchange Regulation Act, 1973 were not rendered invalid where the alleged contraventions arose from 1997-98 transactions and the notices were treated as a continuation of the earlier cause. However, overseas documents, reports and statements relied on in adjudication had to satisfy the statutory authentication requirements under Section 72 and the prescribed rules. In the absence of lawful authentication, such foreign material could not be treated as substantive evidence to prove undervaluation or foreign exchange violation. The adjudication and appellate orders were set aside and the appeals succeeded, with consequential refund, if any, in accordance with law. Case-Laws FEMA Wed, 12 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245226