https://www.taxtmi.com/caselaws?id=457393 The Tribunal upheld the Adjudicating Officer's decision, finding the appellant guilty of contravening Sections 3(b) and 3(c) of FEMA, 1999, by engaging in unauthorized foreign exchange transactions. The appellant's confessional statements were deemed voluntary and admissible. The appeal was dismissed, and the appellant was ordered to pay the remaining penalty within 15 days, with recovery actions to follow if non-compliance occurred. en-us Thu, 06 Aug 2009 00:00:00 +0530 Wed, 18 Sep 2024 17:35:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457393 The Tribunal upheld the Adjudicating Officer's decision, finding the appellant guilty of contravening Sections 3(b) and 3(c) of FEMA, 1999, by engaging in unauthorized foreign exchange transactions. The appellant's confessional statements were deemed voluntary and admissible. The appeal was dismissed, and the appellant was ordered to pay the remaining penalty within 15 days, with recovery actions to follow if non-compliance occurred. Case-Laws FEMA Thu, 06 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457393