https://www.taxtmi.com/caselaws?id=261740 Documentary proof of imports produced on appeal can displace a show cause notice and penalty for alleged contravention of exchange-control provisions where the remittances are explained by bills of entry, invoices and related contract papers, and the enforcement authority does not show those records to be false or unreliable. The fact that the documents were not furnished immediately after the notice, by itself, is not enough to sustain penalty when the appellate record establishes the import link and no contrary material is produced. On that basis, the penalty orders could not be maintained. en-us Wed, 16 Jul 2014 00:00:00 +0530 Mon, 20 Jul 2015 17:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261740 Documentary proof of imports produced on appeal can displace a show cause notice and penalty for alleged contravention of exchange-control provisions where the remittances are explained by bills of entry, invoices and related contract papers, and the enforcement authority does not show those records to be false or unreliable. The fact that the documents were not furnished immediately after the notice, by itself, is not enough to sustain penalty when the appellate record establishes the import link and no contrary material is produced. On that basis, the penalty orders could not be maintained. Case-Laws FEMA Wed, 16 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261740