https://www.taxtmi.com/caselaws?id=457438 A retracted confessional statement may still be relied upon in foreign exchange adjudication if it was made voluntarily and is broadly corroborated by other material; here, the delay in retraction and the supporting documentary and admission evidence justified sustaining the contravention finding under FEMA. Adjudication proceedings under FEMA are not governed by the strict rules of the Indian Evidence Act, 1872, because the Adjudication Proceedings and Appeal Rules expressly exclude that framework; the penalty was also found not to be harsh or disproportionate and was left undisturbed. en-us Fri, 31 Oct 2008 00:00:00 +0530 Thu, 19 Sep 2024 17:38:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457438 A retracted confessional statement may still be relied upon in foreign exchange adjudication if it was made voluntarily and is broadly corroborated by other material; here, the delay in retraction and the supporting documentary and admission evidence justified sustaining the contravention finding under FEMA. Adjudication proceedings under FEMA are not governed by the strict rules of the Indian Evidence Act, 1872, because the Adjudication Proceedings and Appeal Rules expressly exclude that framework; the penalty was also found not to be harsh or disproportionate and was left undisturbed. Case-Laws FEMA Fri, 31 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457438