https://www.taxtmi.com/caselaws?id=272731 Documents seized under the Foreign Exchange Regulation Act could not be retained beyond the statutory one-year period unless adjudication proceedings were commenced within that time. The retention limit was treated as mandatory, so continued custody after expiry of the period was not justified where no proceedings under the relevant adjudication provision had begun. The authority was required to return the documents on expiry of the prescribed time, and any extension of that retention period would require legislative amendment rather than administrative discretion. en-us Fri, 18 Feb 1977 00:00:00 +0530 Tue, 15 May 2018 17:41:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272731 Documents seized under the Foreign Exchange Regulation Act could not be retained beyond the statutory one-year period unless adjudication proceedings were commenced within that time. The retention limit was treated as mandatory, so continued custody after expiry of the period was not justified where no proceedings under the relevant adjudication provision had begun. The authority was required to return the documents on expiry of the prescribed time, and any extension of that retention period would require legislative amendment rather than administrative discretion. Case-Laws FEMA Fri, 18 Feb 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272731