https://www.taxtmi.com/caselaws?id=457715 Material defence documents were produced to show that foreign exchange had been used for imports and that the failure to furnish papers to the authorised money changer was inadvertent. Because those materials had not been examined in the adjudication and the penalty order had been passed ex parte, the Appellate Tribunal for Foreign Exchange held that the documents required verification before any final finding on contravention under sections 8(3) and 8(4) of FERA. The penalty order was set aside and the matter was remanded for fresh adjudication after notice and hearing, so the Appellant could place evidence and contest the allegations on merits. en-us Fri, 26 Sep 2003 00:00:00 +0530 Thu, 26 Sep 2024 16:42:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457715 Material defence documents were produced to show that foreign exchange had been used for imports and that the failure to furnish papers to the authorised money changer was inadvertent. Because those materials had not been examined in the adjudication and the penalty order had been passed ex parte, the Appellate Tribunal for Foreign Exchange held that the documents required verification before any final finding on contravention under sections 8(3) and 8(4) of FERA. The penalty order was set aside and the matter was remanded for fresh adjudication after notice and hearing, so the Appellant could place evidence and contest the allegations on merits. Case-Laws FEMA Fri, 26 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457715