https://www.taxtmi.com/caselaws?id=457745 Admission of receipt and corroborative material were treated as sufficient to sustain findings of contravention under the Foreign Exchange Regulation Act on a preponderance of probabilities. Receipt of money from a person resident outside India was held to complete the contravention under section 9(1)(b), and the stated purpose of the payment did not alter its legal character. Receipt of foreign exchange in the United States, together with the surrounding circumstances and part-payment evidence, was accepted as proof of receipt and non-surrender to an authorised dealer under section 14. The penalties were upheld. en-us Wed, 01 Aug 2001 00:00:00 +0530 Thu, 26 Sep 2024 16:42:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457745 Admission of receipt and corroborative material were treated as sufficient to sustain findings of contravention under the Foreign Exchange Regulation Act on a preponderance of probabilities. Receipt of money from a person resident outside India was held to complete the contravention under section 9(1)(b), and the stated purpose of the payment did not alter its legal character. Receipt of foreign exchange in the United States, together with the surrounding circumstances and part-payment evidence, was accepted as proof of receipt and non-surrender to an authorised dealer under section 14. The penalties were upheld. Case-Laws FEMA Wed, 01 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457745