https://www.taxtmi.com/caselaws?id=457378 A retracted confession can support a finding of foreign exchange contravention when it is corroborated by seized documents, diary entries and surrounding circumstances; the maker must show coercion or threat to displace the statement. On the facts, the appellant's admissions about making payments in India at the instruction of a person resident outside India, and making payment to a person resident outside India, were treated as sufficiently proved, establishing contraventions under Section 9(1)(a) and Section 9(1)(d) of the Foreign Exchange Regulation Act, 1973. The penalty was also upheld as proportionate to the gravity of the offence and the appellant's role, and no reduction was warranted on equitable grounds. en-us Fri, 09 Oct 2009 00:00:00 +0530 Wed, 18 Sep 2024 15:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457378 A retracted confession can support a finding of foreign exchange contravention when it is corroborated by seized documents, diary entries and surrounding circumstances; the maker must show coercion or threat to displace the statement. On the facts, the appellant's admissions about making payments in India at the instruction of a person resident outside India, and making payment to a person resident outside India, were treated as sufficiently proved, establishing contraventions under Section 9(1)(a) and Section 9(1)(d) of the Foreign Exchange Regulation Act, 1973. The penalty was also upheld as proportionate to the gravity of the offence and the appellant's role, and no reduction was warranted on equitable grounds. Case-Laws FEMA Fri, 09 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457378