https://www.taxtmi.com/caselaws?id=281951 Outstanding export proceeds do not by themselves establish contravention under section 18(2) of the Foreign Exchange Regulation Act, 1973 where the exporter has sought, obtained, or is still awaiting Reserve Bank of India permission by way of extension of time or write-off. If write-off is granted, the non-realisation is treated as having RBI permission and no contravention can be found on that basis. Adjudication must be based on the full record, including correspondence with the RBI and the authorised dealer, and selective or incomplete material is insufficient. Where the reply to the show-cause notice indicates pending or granted permissions, the authority must examine that material before concluding contravention. en-us Fri, 06 Sep 1996 00:00:00 +0530 Sat, 13 Jul 2019 10:58:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281951 Outstanding export proceeds do not by themselves establish contravention under section 18(2) of the Foreign Exchange Regulation Act, 1973 where the exporter has sought, obtained, or is still awaiting Reserve Bank of India permission by way of extension of time or write-off. If write-off is granted, the non-realisation is treated as having RBI permission and no contravention can be found on that basis. Adjudication must be based on the full record, including correspondence with the RBI and the authorised dealer, and selective or incomplete material is insufficient. Where the reply to the show-cause notice indicates pending or granted permissions, the authority must examine that material before concluding contravention. Case-Laws Money Laundering Fri, 06 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281951