https://www.taxtmi.com/caselaws?id=457443 Foreign exchange released for training expenses must be supported by evidence of actual utilisation. Where remittance was made for training four officials for a stated period, but only two officials were sent for a shorter duration, the record did not substantiate proper use of the foreign exchange. The Tribunal held that the contravention was established on the material before it and upheld the penalty order. en-us Tue, 09 Sep 2008 00:00:00 +0530 Thu, 19 Sep 2024 18:32:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457443 Foreign exchange released for training expenses must be supported by evidence of actual utilisation. Where remittance was made for training four officials for a stated period, but only two officials were sent for a shorter duration, the record did not substantiate proper use of the foreign exchange. The Tribunal held that the contravention was established on the material before it and upheld the penalty order. Case-Laws FEMA Tue, 09 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457443