https://www.taxtmi.com/caselaws?id=190244 The Court allowed the appeals, setting aside the impugned orders of the Appellate Tribunal for Foreign Exchange. The penalties imposed on the Appellant for contravention of Sections 8 and 9 of FERA, based on allegations of under-invoicing of imports, were deemed unsustainable. The Court emphasized the lack of credible evidence, failure of independent investigation, and authentication of seized documents by the Enforcement Directorate. The burden of proof was not met, leading to the refund of any deposited amount to the Appellant within a specified timeframe. en-us Tue, 29 Apr 2014 00:00:00 +0530 Thu, 09 Feb 2017 22:57:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190244 The Court allowed the appeals, setting aside the impugned orders of the Appellate Tribunal for Foreign Exchange. The penalties imposed on the Appellant for contravention of Sections 8 and 9 of FERA, based on allegations of under-invoicing of imports, were deemed unsustainable. The Court emphasized the lack of credible evidence, failure of independent investigation, and authentication of seized documents by the Enforcement Directorate. The burden of proof was not met, leading to the refund of any deposited amount to the Appellant within a specified timeframe. Case-Laws FEMA Tue, 29 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190244