https://www.taxtmi.com/caselaws?id=457559 A retracted confession may sustain liability under foreign exchange law where it is voluntary and corroborated by independent documentary and circumstantial evidence. The Tribunal held that the maker of the statement bears the burden of proving inducement, threat, or coercion, and that burden was not discharged. The appellant's admission of receiving money in India on behalf of a person resident outside India, supported by the record, established contravention of section 9(1)(b) of the Foreign Exchange Regulation Act, 1973. The finding of contravention was upheld, and the penalty was sustained in principle, though reduced in amount. en-us Thu, 20 Sep 2007 00:00:00 +0530 Mon, 23 Sep 2024 17:23:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457559 A retracted confession may sustain liability under foreign exchange law where it is voluntary and corroborated by independent documentary and circumstantial evidence. The Tribunal held that the maker of the statement bears the burden of proving inducement, threat, or coercion, and that burden was not discharged. The appellant's admission of receiving money in India on behalf of a person resident outside India, supported by the record, established contravention of section 9(1)(b) of the Foreign Exchange Regulation Act, 1973. The finding of contravention was upheld, and the penalty was sustained in principle, though reduced in amount. Case-Laws FEMA Thu, 20 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457559