https://www.taxtmi.com/caselaws?id=457483 A voluntary statement made before enforcement can be relied on in foreign exchange contravention proceedings even if later retracted, provided the retraction does not establish inducement, threat, or coercion. The statement may also be supported by co-noticee material and recovered documents, including electronic records, which can provide independent corroboration of unauthorised foreign exchange transactions outside India. In quasi-criminal proceedings of this kind, the department need only establish the case on a preponderance of probabilities, and the evidence need not satisfy mathematical precision. On that basis, the finding of contravention was upheld and the penalty sustained. en-us Mon, 21 Jul 2008 00:00:00 +0530 Fri, 20 Sep 2024 16:02:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457483 A voluntary statement made before enforcement can be relied on in foreign exchange contravention proceedings even if later retracted, provided the retraction does not establish inducement, threat, or coercion. The statement may also be supported by co-noticee material and recovered documents, including electronic records, which can provide independent corroboration of unauthorised foreign exchange transactions outside India. In quasi-criminal proceedings of this kind, the department need only establish the case on a preponderance of probabilities, and the evidence need not satisfy mathematical precision. On that basis, the finding of contravention was upheld and the penalty sustained. Case-Laws FEMA Mon, 21 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457483