https://www.taxtmi.com/caselaws?id=370024 The natural justice challenge failed because the relied-upon documents were repeatedly supplied and the appellant was given several hearing opportunities after remand, which were not effectively used. The alleged retraction was unproved, as no certified copy was produced, and there was no credible basis to dislodge the finding that the earlier statements were voluntary. On merits, the statements, together with customs investigation material on fictitious exports, established receipt of foreign exchange against non-existent exports and supported contravention of the prohibitory foreign exchange provision. The Tribunal also accepted that material from the customs investigation could be relied on in the foreign exchange adjudication arising from the same transaction. en-us Tue, 30 Oct 2018 00:00:00 +0530 Tue, 06 Nov 2018 09:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370024 The natural justice challenge failed because the relied-upon documents were repeatedly supplied and the appellant was given several hearing opportunities after remand, which were not effectively used. The alleged retraction was unproved, as no certified copy was produced, and there was no credible basis to dislodge the finding that the earlier statements were voluntary. On merits, the statements, together with customs investigation material on fictitious exports, established receipt of foreign exchange against non-existent exports and supported contravention of the prohibitory foreign exchange provision. The Tribunal also accepted that material from the customs investigation could be relied on in the foreign exchange adjudication arising from the same transaction. Case-Laws FEMA Tue, 30 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370024