https://www.taxtmi.com/caselaws?id=457576 Where an importer produced a banker's letter and forwarded bill of entry showing that goods were actually imported and that proof had been submitted through the authorised banker, the alleged contravention under foreign exchange provisions was not established. The tribunal treated the earlier omission to file the bill of entry as a procedural defect because the genuineness of the transaction was otherwise shown and no further rebuttal evidence was produced. On that basis, the statutory obligation to prove import was treated as satisfied, and the penalty order could not survive. en-us Thu, 31 Aug 2006 00:00:00 +0530 Mon, 23 Sep 2024 17:58:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457576 Where an importer produced a banker's letter and forwarded bill of entry showing that goods were actually imported and that proof had been submitted through the authorised banker, the alleged contravention under foreign exchange provisions was not established. The tribunal treated the earlier omission to file the bill of entry as a procedural defect because the genuineness of the transaction was otherwise shown and no further rebuttal evidence was produced. On that basis, the statutory obligation to prove import was treated as satisfied, and the penalty order could not survive. Case-Laws FEMA Thu, 31 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457576