https://www.taxtmi.com/caselaws?id=430809 An officer appointed as an Adjudicating Authority under FEMA could not issue show cause notices for contraventions under the repealed FERA because FERA required special empowerment by the Central Government under its own scheme. The Bombay High Court held that an appointment under FEMA did not retrospectively confer authority under FERA, and the saving provisions in FEMA section 49, read with the General Clauses Act, preserved valid past and pending actions but did not create fresh post-repeal power to adjudicate under the repealed Act. The notices and consequential orders were therefore quashed, with refund directed of amounts recovered, if applicable. en-us Fri, 18 Nov 2022 00:00:00 +0530 Tue, 29 Nov 2022 09:13:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430809 An officer appointed as an Adjudicating Authority under FEMA could not issue show cause notices for contraventions under the repealed FERA because FERA required special empowerment by the Central Government under its own scheme. The Bombay High Court held that an appointment under FEMA did not retrospectively confer authority under FERA, and the saving provisions in FEMA section 49, read with the General Clauses Act, preserved valid past and pending actions but did not create fresh post-repeal power to adjudicate under the repealed Act. The notices and consequential orders were therefore quashed, with refund directed of amounts recovered, if applicable. Case-Laws FEMA Fri, 18 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430809