https://www.taxtmi.com/caselaws?id=314489 Export declarations under section 12(1) of the Foreign Exchange Regulation Act were said to trigger liability only where the declaration is false or otherwise contrary to the statutory prohibition. The discussion notes that, on the facts examined, the exporters had identified the foreign consignee and the payment mode, and there was no material proving that the declarations were untrue or that the shipment was really to another buyer. It further states that confiscation and penalty in penal proceedings require tangible proof, not suspicion or conjecture, and that the material against the agents did not establish any secret arrangement or sufficient basis for adverse quasi-judicial action. en-us Tue, 27 Sep 1977 00:00:00 +0530 Fri, 14 Jun 2024 17:30:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314489 Export declarations under section 12(1) of the Foreign Exchange Regulation Act were said to trigger liability only where the declaration is false or otherwise contrary to the statutory prohibition. The discussion notes that, on the facts examined, the exporters had identified the foreign consignee and the payment mode, and there was no material proving that the declarations were untrue or that the shipment was really to another buyer. It further states that confiscation and penalty in penal proceedings require tangible proof, not suspicion or conjecture, and that the material against the agents did not establish any secret arrangement or sufficient basis for adverse quasi-judicial action. Case-Laws FEMA Tue, 27 Sep 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314489