https://www.taxtmi.com/caselaws?id=283520 A direction under section 33(2) of the Foreign Exchange Regulation Act, 1973 that effectively compelled surrender of identified money was beyond the limited power to call for information, and it was invalid because no show-cause notice or hearing was given before the order. The Court also held that adjudication could not rest on a mere technical lapse where A-2 and F.T.S. forms were signed by employees rather than passengers; absent any showing of defalcation or substantive misuse of foreign exchange, no contravention warranting confiscatory action was made out. Both impugned orders were set aside and relief was granted. en-us Fri, 23 Sep 1988 00:00:00 +0530 Thu, 26 Sep 2019 16:04:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283520 A direction under section 33(2) of the Foreign Exchange Regulation Act, 1973 that effectively compelled surrender of identified money was beyond the limited power to call for information, and it was invalid because no show-cause notice or hearing was given before the order. The Court also held that adjudication could not rest on a mere technical lapse where A-2 and F.T.S. forms were signed by employees rather than passengers; absent any showing of defalcation or substantive misuse of foreign exchange, no contravention warranting confiscatory action was made out. Both impugned orders were set aside and relief was granted. Case-Laws FEMA Fri, 23 Sep 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283520