Show Cause Notice under FERA cannot be issued post-June 1, 2002, due to FEMA 1999 prohibition; appeal allowed.

Show Cause Notice under FERA cannot be issued post-June 1, 2002, due to FEMA 1999 prohibition; appeal allowed. https://www.taxtmi.com/highlights?id=42324 Once the issue of SCN of the offence completed in FERA regime no SCN can be issued after 1.6.2002 under FEMA,1999 because of the statutory bar under FEMA, 1999.Accordingly, in the light of the above, the appeal is allowed. en-us Mon, 29 Oct 2018 07:40:14 +0530 Mon, 29 Oct 2018 07:40:14 +0530 TaxTMI RSS Generator Show Cause Notice under FERA cannot be issued post-June 1, 2002, due to FEMA 1999 prohibition; appeal allowed. https://www.taxtmi.com/highlights?id=42324 Once the issue of SCN of the offence completed in FERA regime no SCN can be issued after 1.6.2002 under FEMA,1999 because of the statutory bar under FEMA, 1999.Accordingly, in the light of the above, the appeal is allowed. Highlights FEMA Mon, 29 Oct 2018 07:40:14 +0530 https://www.taxtmi.com/highlights?id=42324