https://www.taxtmi.com/caselaws?id=457847 Possession of foreign exchange triggered a duty on the possessor to prove lawful ownership and entitlement under the Foreign Exchange Regulation Act, 1973. Because the appellant admitted possession but produced no documentary proof that the currency belonged to the father or that the father was legally entitled to hold it, the confiscation order and finding of contravention were upheld. The plea of breach of natural justice failed since an opportunity had been given before the adjudicating authority. On penalty, the appellant's limited means and inability to appear personally or through counsel justified moderation, and the monetary penalty was reduced while the contravention finding remained unchanged. en-us Wed, 12 Nov 1997 00:00:00 +0530 Sun, 29 Sep 2024 16:20:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457847 Possession of foreign exchange triggered a duty on the possessor to prove lawful ownership and entitlement under the Foreign Exchange Regulation Act, 1973. Because the appellant admitted possession but produced no documentary proof that the currency belonged to the father or that the father was legally entitled to hold it, the confiscation order and finding of contravention were upheld. The plea of breach of natural justice failed since an opportunity had been given before the adjudicating authority. On penalty, the appellant's limited means and inability to appear personally or through counsel justified moderation, and the monetary penalty was reduced while the contravention finding remained unchanged. Case-Laws FEMA Wed, 12 Nov 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457847