https://www.taxtmi.com/caselaws?id=457849 The Tribunal allowed the appeal, setting aside the adjudication order due to insufficient evidence to establish contraventions of Sections 9(1)(d) and 9(1)(b) of the Foreign Exchange Regulation Act, 1973. It directed the refund of Rs. 11 lakhs and the pre-deposit amount to the appellant within 45 days, deeming the appellant's confessional statement unreliable. The Tribunal also upheld the legality of the seizure by the Enforcement Directorate. en-us Mon, 06 Oct 1997 00:00:00 +0530 Sun, 29 Sep 2024 16:20:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457849 The Tribunal allowed the appeal, setting aside the adjudication order due to insufficient evidence to establish contraventions of Sections 9(1)(d) and 9(1)(b) of the Foreign Exchange Regulation Act, 1973. It directed the refund of Rs. 11 lakhs and the pre-deposit amount to the appellant within 45 days, deeming the appellant's confessional statement unreliable. The Tribunal also upheld the legality of the seizure by the Enforcement Directorate. Case-Laws FEMA Mon, 06 Oct 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457849