https://www.taxtmi.com/caselaws?id=457836 Seized documents showing remittances from abroad for distribution in India were sufficient, by themselves, to establish contravention under section 9(3) of the Foreign Exchange Regulation Act, 1973. The appellant's statement recorded under section 40 corroborated the documentary record, and its later retraction did not displace its evidentiary value because it substantially tallied with the seized material. The appellant did not effectively challenge the panchnama or produce contrary evidence to disprove recovery of the documents, and the same documentary record also sustained the charge under section 9(1)(d). The absence of a detailed break-up of the remitted amounts did not undermine the finding of contravention, which was upheld. en-us Tue, 06 Jan 1998 00:00:00 +0530 Sat, 28 Sep 2024 10:58:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457836 Seized documents showing remittances from abroad for distribution in India were sufficient, by themselves, to establish contravention under section 9(3) of the Foreign Exchange Regulation Act, 1973. The appellant's statement recorded under section 40 corroborated the documentary record, and its later retraction did not displace its evidentiary value because it substantially tallied with the seized material. The appellant did not effectively challenge the panchnama or produce contrary evidence to disprove recovery of the documents, and the same documentary record also sustained the charge under section 9(1)(d). The absence of a detailed break-up of the remitted amounts did not undermine the finding of contravention, which was upheld. Case-Laws FEMA Tue, 06 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457836