https://www.taxtmi.com/caselaws?id=457963 Section 9 of the Foreign Exchange Regulation Act, 1973 was applied broadly to payments and receipts made through an agent or on behalf of a person resident outside India. A payment by an Indian agent on foreign principal's instructions fell within section 9(1)(d), receipt of money in India on behalf of a person abroad attracted section 9(1)(b), and a deposit into the account of a person resident outside India was covered by section 9(1)(a). In each instance, the absence of Reserve Bank permission rendered the conduct unlawful. The penalties were upheld as neither excessive nor unwarranted, and the adjudication orders were affirmed. en-us Mon, 22 Jun 1992 00:00:00 +0530 Tue, 01 Oct 2024 18:17:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457963 Section 9 of the Foreign Exchange Regulation Act, 1973 was applied broadly to payments and receipts made through an agent or on behalf of a person resident outside India. A payment by an Indian agent on foreign principal's instructions fell within section 9(1)(d), receipt of money in India on behalf of a person abroad attracted section 9(1)(b), and a deposit into the account of a person resident outside India was covered by section 9(1)(a). In each instance, the absence of Reserve Bank permission rendered the conduct unlawful. The penalties were upheld as neither excessive nor unwarranted, and the adjudication orders were affirmed. Case-Laws FEMA Mon, 22 Jun 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457963