https://www.taxtmi.com/caselaws?id=457912 Pre-deposit was waived where the penalty order relied on material not supplied to the appellant, causing prima facie prejudice. The penalty adjudication based on retracted confessional statements required de novo consideration after disclosure of the relied-upon evidence and a fresh opportunity of hearing. Contraventions under sections 8(1), 8(2), 9(1)(a) and 9(1)(c) of the Foreign Exchange Regulation Act, 1973 could not be sustained solely on an admission or retracted statement without independent supporting evidence; the findings were set aside for reconsideration and the penalty order was annulled. en-us Wed, 20 Dec 1995 00:00:00 +0530 Mon, 30 Sep 2024 16:19:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457912 Pre-deposit was waived where the penalty order relied on material not supplied to the appellant, causing prima facie prejudice. The penalty adjudication based on retracted confessional statements required de novo consideration after disclosure of the relied-upon evidence and a fresh opportunity of hearing. Contraventions under sections 8(1), 8(2), 9(1)(a) and 9(1)(c) of the Foreign Exchange Regulation Act, 1973 could not be sustained solely on an admission or retracted statement without independent supporting evidence; the findings were set aside for reconsideration and the penalty order was annulled. Case-Laws FEMA Wed, 20 Dec 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457912