Court Upholds Convictions for FERA Violations in Export Proceeds Case Involving Multiple Parties. https://www.taxtmi.com/highlights?id=75608 Violation under FERA - export proceeds were not realized - The case involved allegations of violations of the FERA Act, 1973 related to the failure to realize export proceeds. A1, A2, and A3 were implicated in export transactions, with evidence suggesting their involvement in facilitating exports and receiving funds. The court dismissed the revision cases, affirming the lower courts' findings of the petitioners' culpability under FERA provisions. en-us Tue, 12 Mar 2024 08:54:52 +0530 Tue, 12 Mar 2024 08:54:52 +0530 TaxTMI RSS Generator Court Upholds Convictions for FERA Violations in Export Proceeds Case Involving Multiple Parties. https://www.taxtmi.com/highlights?id=75608 Violation under FERA - export proceeds were not realized - The case involved allegations of violations of the FERA Act, 1973 related to the failure to realize export proceeds. A1, A2, and A3 were implicated in export transactions, with evidence suggesting their involvement in facilitating exports and receiving funds. The court dismissed the revision cases, affirming the lower courts' findings of the petitioners' culpability under FERA provisions. Highlights FEMA Tue, 12 Mar 2024 08:54:52 +0530 https://www.taxtmi.com/highlights?id=75608