https://www.taxtmi.com/caselaws?id=457532 A retracted inculpatory statement is not automatically excluded; it may still be relied upon if its voluntariness and truth are tested with caution and the surrounding evidence supports it. In the foreign exchange penalty context, the Tribunal noted that the principal actor's admission, the appellant's un-retracted statement, the implausibility of imports in the names of persons without means, and the appellant's failure to explain matters within his special knowledge together proved abetment and the underlying contraventions. The penalty was therefore upheld. en-us Tue, 24 Jun 2008 00:00:00 +0530 Mon, 23 Sep 2024 11:34:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457532 A retracted inculpatory statement is not automatically excluded; it may still be relied upon if its voluntariness and truth are tested with caution and the surrounding evidence supports it. In the foreign exchange penalty context, the Tribunal noted that the principal actor's admission, the appellant's un-retracted statement, the implausibility of imports in the names of persons without means, and the appellant's failure to explain matters within his special knowledge together proved abetment and the underlying contraventions. The penalty was therefore upheld. Case-Laws FEMA Tue, 24 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457532