https://www.taxtmi.com/caselaws?id=457742 The Appellate Tribunal allowed the appeal, setting aside the impugned order due to lack of jurisdiction and competency of the adjudicating authority regarding contraventions of sections 3 and 4 of the Foreign Exchange Management Act, 1999. The Tribunal directed fresh adjudication by the Enforcement Directorate, emphasizing strict compliance with statutory requirements, including providing a show-cause notice and personal hearing. The Tribunal found merit in the appellant's arguments concerning ownership of the seized currency and denial of the opportunity to be heard, thus remanding the matter for reevaluation by the appropriate authority. en-us Wed, 08 Aug 2001 00:00:00 +0530 Thu, 26 Sep 2024 16:42:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457742 The Appellate Tribunal allowed the appeal, setting aside the impugned order due to lack of jurisdiction and competency of the adjudicating authority regarding contraventions of sections 3 and 4 of the Foreign Exchange Management Act, 1999. The Tribunal directed fresh adjudication by the Enforcement Directorate, emphasizing strict compliance with statutory requirements, including providing a show-cause notice and personal hearing. The Tribunal found merit in the appellant's arguments concerning ownership of the seized currency and denial of the opportunity to be heard, thus remanding the matter for reevaluation by the appropriate authority. Case-Laws FEMA Wed, 08 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457742