https://www.taxtmi.com/caselaws?id=457668 Failure to furnish the exchange control copy of the bill of entry was treated as a procedural lapse, not a substantive contravention under section 8(3) and section 8(4) of the Foreign Exchange Regulation Act, 1973, where the importer produced alternative documents and the Reserve Bank of India accepted them as proof of import and use. Once that alternative evidence was accepted, the basis for penalty ceased to exist, and the penalty order was held unsustainable. en-us Tue, 16 Aug 2005 00:00:00 +0530 Wed, 25 Sep 2024 15:20:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457668 Failure to furnish the exchange control copy of the bill of entry was treated as a procedural lapse, not a substantive contravention under section 8(3) and section 8(4) of the Foreign Exchange Regulation Act, 1973, where the importer produced alternative documents and the Reserve Bank of India accepted them as proof of import and use. Once that alternative evidence was accepted, the basis for penalty ceased to exist, and the penalty order was held unsustainable. Case-Laws FEMA Tue, 16 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457668