https://www.taxtmi.com/caselaws?id=457644 A retracted confession in foreign exchange adjudication may be relied on when the retraction is unsupported by material showing coercion or involuntariness, and when the statement is corroborated by seized documents and surrounding circumstances. Proceedings under the Foreign Exchange Regulation Act, 1973 are governed by natural justice and the prescribed adjudicatory procedure, not the strict rules of the Indian Evidence Act, 1872, so the section 30 bar was treated as inapplicable. Co-accused statements and other supporting materials were therefore treated as relevant, while belated self-serving affidavits were given no weight. The penalty and confiscation order was affirmed. en-us Thu, 22 Dec 2005 00:00:00 +0530 Wed, 25 Sep 2024 11:48:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457644 A retracted confession in foreign exchange adjudication may be relied on when the retraction is unsupported by material showing coercion or involuntariness, and when the statement is corroborated by seized documents and surrounding circumstances. Proceedings under the Foreign Exchange Regulation Act, 1973 are governed by natural justice and the prescribed adjudicatory procedure, not the strict rules of the Indian Evidence Act, 1872, so the section 30 bar was treated as inapplicable. Co-accused statements and other supporting materials were therefore treated as relevant, while belated self-serving affidavits were given no weight. The penalty and confiscation order was affirmed. Case-Laws FEMA Thu, 22 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457644