https://www.taxtmi.com/caselaws?id=757826 A shipping agent who knowingly facilitated diversion of export cargo from the declared destination while keeping shipping documents showing the original destination was treated as an active participant in the contravention of foreign exchange law. The record showed that consignments booked for Moscow were diverted to Dubai, that the bills of lading continued to reflect Moscow, and that freight entries and related documents aligned with the diverted destination. On these facts, the tribunal found active involvement in the exporter's design, held the agent liable for abetment and contravention of the foreign exchange regime and RBI guidelines, and upheld the penalty. en-us Tue, 13 Aug 2024 00:00:00 +0530 Tue, 03 Sep 2024 08:26:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757826 A shipping agent who knowingly facilitated diversion of export cargo from the declared destination while keeping shipping documents showing the original destination was treated as an active participant in the contravention of foreign exchange law. The record showed that consignments booked for Moscow were diverted to Dubai, that the bills of lading continued to reflect Moscow, and that freight entries and related documents aligned with the diverted destination. On these facts, the tribunal found active involvement in the exporter's design, held the agent liable for abetment and contravention of the foreign exchange regime and RBI guidelines, and upheld the penalty. Case-Laws FEMA Tue, 13 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757826