https://www.taxtmi.com/caselaws?id=457746 A bare recommendatory communication, without evidence of conspiracy, instigation, or other culpable participation, is insufficient to fasten liability for abetment under the Foreign Exchange Regulation Act, 1973. The tribunal found that forwarding a letter recommending a facility against a letter of credit did not by itself amount to contravention, because the recipient was expected to exercise its own due diligence and the record showed no additional blameworthy conduct. On that basis, the penalty and adverse findings were set aside in favour of the appellant. en-us Wed, 25 Jul 2001 00:00:00 +0530 Thu, 26 Sep 2024 16:42:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457746 A bare recommendatory communication, without evidence of conspiracy, instigation, or other culpable participation, is insufficient to fasten liability for abetment under the Foreign Exchange Regulation Act, 1973. The tribunal found that forwarding a letter recommending a facility against a letter of credit did not by itself amount to contravention, because the recipient was expected to exercise its own due diligence and the record showed no additional blameworthy conduct. On that basis, the penalty and adverse findings were set aside in favour of the appellant. Case-Laws FEMA Wed, 25 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457746