https://www.taxtmi.com/caselaws?id=193740 Contemporaneous bank acknowledgements and related communications showed timely filing of exchange control copies of bills of entry, so the alleged foreign exchange contravention was not proved and the finding of guilt could not stand. The ex parte penalty orders were also unsustainable because service of the show cause and hearing notices was not established, depriving the appellants of a proper opportunity to be heard and violating natural justice. The Tribunal therefore set aside the penalties and awarded costs against the respondents. en-us Wed, 16 Dec 2015 00:00:00 +0530 Fri, 18 Aug 2017 08:35:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193740 Contemporaneous bank acknowledgements and related communications showed timely filing of exchange control copies of bills of entry, so the alleged foreign exchange contravention was not proved and the finding of guilt could not stand. The ex parte penalty orders were also unsustainable because service of the show cause and hearing notices was not established, depriving the appellants of a proper opportunity to be heard and violating natural justice. The Tribunal therefore set aside the penalties and awarded costs against the respondents. Case-Laws FEMA Wed, 16 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193740