https://www.taxtmi.com/caselaws?id=457974 The Tribunal dismissed the appeal, upholding the adjudication order imposing penalties and confiscation under the Foreign Exchange Regulation Act, 1973. It found the appellant's confessional statement voluntary and corroborated, rejecting claims of misunderstanding. The Tribunal ruled the penalties and confiscation reasonable, emphasizing the sufficiency of evidence and the burden of proof on the prosecuting agency. en-us Mon, 07 Sep 1992 00:00:00 +0530 Tue, 01 Oct 2024 18:17:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457974 The Tribunal dismissed the appeal, upholding the adjudication order imposing penalties and confiscation under the Foreign Exchange Regulation Act, 1973. It found the appellant's confessional statement voluntary and corroborated, rejecting claims of misunderstanding. The Tribunal ruled the penalties and confiscation reasonable, emphasizing the sufficiency of evidence and the burden of proof on the prosecuting agency. Case-Laws FEMA Mon, 07 Sep 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457974