https://www.taxtmi.com/caselaws?id=346516 Non-compliance with summons issued under Section 40 of the Foreign Exchange Regulation Act, 1973 was construed as a contravention punishable under Section 56, and the penal provision was held broad enough to cover disobedience of enforcement summons without any requirement that the matter involve a money-value contravention. An objection based on non-service of summons did not defeat the prosecution, because service was treated as immaterial in the circumstances where the respondent was represented before the Trial Court. The High Court's contrary view was set aside and the prosecution was held maintainable on the settled interpretation of Sections 40 and 56. en-us Thu, 17 Aug 2017 00:00:00 +0530 Fri, 17 Nov 2017 15:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346516 Non-compliance with summons issued under Section 40 of the Foreign Exchange Regulation Act, 1973 was construed as a contravention punishable under Section 56, and the penal provision was held broad enough to cover disobedience of enforcement summons without any requirement that the matter involve a money-value contravention. An objection based on non-service of summons did not defeat the prosecution, because service was treated as immaterial in the circumstances where the respondent was represented before the Trial Court. The High Court's contrary view was set aside and the prosecution was held maintainable on the settled interpretation of Sections 40 and 56. Case-Laws FEMA Thu, 17 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346516