https://www.taxtmi.com/caselaws?id=457368 Section 9(1)(b) of the Foreign Exchange Regulation Act was held attracted where the appellant received payment on behalf of a person resident outside India without authorisation. The retracted statement was treated as voluntary because the allegation of coercion was unsupported, the retraction was not prompt, and the statement was corroborated by documentary and circumstantial evidence, including recovery of cash and associated papers. The claim that the money belonged to another person was not credibly proved. The contravention was therefore established, and the penalty and confiscation were upheld. en-us Sat, 12 Sep 2009 00:00:00 +0530 Wed, 18 Sep 2024 13:07:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457368 Section 9(1)(b) of the Foreign Exchange Regulation Act was held attracted where the appellant received payment on behalf of a person resident outside India without authorisation. The retracted statement was treated as voluntary because the allegation of coercion was unsupported, the retraction was not prompt, and the statement was corroborated by documentary and circumstantial evidence, including recovery of cash and associated papers. The claim that the money belonged to another person was not credibly proved. The contravention was therefore established, and the penalty and confiscation were upheld. Case-Laws FEMA Sat, 12 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457368