https://www.taxtmi.com/caselaws?id=281293 The court held that the show-cause notice issued under section 13(i) of FEMA for alleged contravention of export realization provisions lacked jurisdiction as the contravention period fell under FERA, not FEMA. As per section 49(3) of FEMA, FERA offenses cannot be pursued after two years from FEMA's commencement. The court referred to precedent cases and concluded that the notice was illegal. Consequently, the writ petition was allowed, quashing the show-cause notice and related proceedings. en-us Tue, 25 Jan 2011 00:00:00 +0530 Wed, 12 Jun 2019 17:12:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281293 The court held that the show-cause notice issued under section 13(i) of FEMA for alleged contravention of export realization provisions lacked jurisdiction as the contravention period fell under FERA, not FEMA. As per section 49(3) of FEMA, FERA offenses cannot be pursued after two years from FEMA's commencement. The court referred to precedent cases and concluded that the notice was illegal. Consequently, the writ petition was allowed, quashing the show-cause notice and related proceedings. Case-Laws FEMA Tue, 25 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281293