https://www.taxtmi.com/caselaws?id=457712 A finding of foreign exchange contravention cannot rest solely on retracted statements that are reasonably suspected to have been obtained under coercion or assault, especially where contemporaneous medical material and prompt retraction cast doubt on voluntariness. The Tribunal held that such statements required caution and that mere suspicion or non-appearance in response to summons could not substitute for dependable independent evidence. As the remaining material did not prove the alleged breaches, the adjudication failed. The confiscation of currency and silver, along with the penalties imposed, also could not survive because they depended on the same discredited material and were therefore quashed. en-us Thu, 06 Nov 2003 00:00:00 +0530 Thu, 26 Sep 2024 16:42:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457712 A finding of foreign exchange contravention cannot rest solely on retracted statements that are reasonably suspected to have been obtained under coercion or assault, especially where contemporaneous medical material and prompt retraction cast doubt on voluntariness. The Tribunal held that such statements required caution and that mere suspicion or non-appearance in response to summons could not substitute for dependable independent evidence. As the remaining material did not prove the alleged breaches, the adjudication failed. The confiscation of currency and silver, along with the penalties imposed, also could not survive because they depended on the same discredited material and were therefore quashed. Case-Laws FEMA Thu, 06 Nov 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457712