https://www.taxtmi.com/caselaws?id=274833 A retracted confession was treated as sufficient to sustain findings of contravention where the retraction was supported only by a bare allegation of coercion and no evidence was led to displace it. The confession was corroborated by documentary material and surrounding circumstances indicating acquisition of foreign exchange on forged import documents and remittance abroad. The Court also accepted that clandestine dealings, being within the appellant's special knowledge, remained unexplained. On that basis, the findings of contravention under the Foreign Exchange Regulation Act were upheld and the appeal failed. en-us Fri, 30 Nov 2007 00:00:00 +0530 Thu, 06 Sep 2018 15:02:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274833 A retracted confession was treated as sufficient to sustain findings of contravention where the retraction was supported only by a bare allegation of coercion and no evidence was led to displace it. The confession was corroborated by documentary material and surrounding circumstances indicating acquisition of foreign exchange on forged import documents and remittance abroad. The Court also accepted that clandestine dealings, being within the appellant's special knowledge, remained unexplained. On that basis, the findings of contravention under the Foreign Exchange Regulation Act were upheld and the appeal failed. Case-Laws FEMA Fri, 30 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274833