https://www.taxtmi.com/caselaws?id=337746 Quasi-criminal foreign exchange penalty proceedings required the authority to consider the full surrounding circumstances before imposing sanction. A belated show cause notice, served years after the remittances, left the importer without all original documents, and failure to produce the Bill of Entry at that stage did not by itself prove that the remittances were not used for imports. As the bills of lading made the import explanation plausible and the alleged violation was not established beyond reasonable doubt, the penalty could not be sustained and the impugned orders were set aside. en-us Wed, 11 Jan 2017 00:00:00 +0530 Mon, 01 Jan 2018 11:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337746 Quasi-criminal foreign exchange penalty proceedings required the authority to consider the full surrounding circumstances before imposing sanction. A belated show cause notice, served years after the remittances, left the importer without all original documents, and failure to produce the Bill of Entry at that stage did not by itself prove that the remittances were not used for imports. As the bills of lading made the import explanation plausible and the alleged violation was not established beyond reasonable doubt, the penalty could not be sustained and the impugned orders were set aside. Case-Laws FEMA Wed, 11 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337746