https://www.taxtmi.com/caselaws?id=457647 Retracted confessional statements may support a finding of foreign exchange contravention where allegations of coercion, inducement, threat or torture remain unsubstantiated; retraction alone does not make an admission involuntary. Failure to comply with a valid enforcement summons constitutes a contravention, and a request to attend with counsel does not excuse personal appearance. Penalty for non-compliance may therefore be sustained. Foreign currency recovered in connection with the statutory breach may be forfeited where it was involved in the contravention, and any pre-deposited amount may be appropriated towards the penalty. en-us Thu, 24 Nov 2005 00:00:00 +0530 Wed, 25 Sep 2024 11:48:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457647 Retracted confessional statements may support a finding of foreign exchange contravention where allegations of coercion, inducement, threat or torture remain unsubstantiated; retraction alone does not make an admission involuntary. Failure to comply with a valid enforcement summons constitutes a contravention, and a request to attend with counsel does not excuse personal appearance. Penalty for non-compliance may therefore be sustained. Foreign currency recovered in connection with the statutory breach may be forfeited where it was involved in the contravention, and any pre-deposited amount may be appropriated towards the penalty. Case-Laws FEMA Thu, 24 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457647