https://www.taxtmi.com/caselaws?id=457976 A person found in possession of foreign exchange must discharge the statutory burden of proving lawful acquisition. On the facts discussed, the explanation that the currency belonged to a visitor was rejected because the supporting letter was not produced at search, the date of receipt was unproved, no postal envelope was filed, and the recovery was from an almirah in the appellant's bedroom. The failure to rebut the statutory presumption established contravention under the foreign exchange law, and the recorded findings were treated as sufficient to sustain confiscation of the seized foreign exchange. en-us Thu, 29 Oct 1992 00:00:00 +0530 Tue, 01 Oct 2024 18:17:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457976 A person found in possession of foreign exchange must discharge the statutory burden of proving lawful acquisition. On the facts discussed, the explanation that the currency belonged to a visitor was rejected because the supporting letter was not produced at search, the date of receipt was unproved, no postal envelope was filed, and the recovery was from an almirah in the appellant's bedroom. The failure to rebut the statutory presumption established contravention under the foreign exchange law, and the recorded findings were treated as sufficient to sustain confiscation of the seized foreign exchange. Case-Laws FEMA Thu, 29 Oct 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457976