https://www.taxtmi.com/caselaws?id=457955 Contraventions of section 8(1) and section 9(1)(b) of the Foreign Exchange Regulation Act, 1973 were established on the appellant's own statements and documentary material, and receipt of funds through banking channels or use for urgent personal needs did not negate liability; intention was relevant only to penalty. Confiscation of the car under section 63 was treated as discretionary and requiring conscious application of mind on the facts. As the circumstances did not justify confiscation, the vehicle was ordered to be released on payment of an enhanced penalty in lieu of confiscation. en-us Tue, 03 May 1988 00:00:00 +0530 Tue, 01 Oct 2024 18:17:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457955 Contraventions of section 8(1) and section 9(1)(b) of the Foreign Exchange Regulation Act, 1973 were established on the appellant's own statements and documentary material, and receipt of funds through banking channels or use for urgent personal needs did not negate liability; intention was relevant only to penalty. Confiscation of the car under section 63 was treated as discretionary and requiring conscious application of mind on the facts. As the circumstances did not justify confiscation, the vehicle was ordered to be released on payment of an enhanced penalty in lieu of confiscation. Case-Laws FEMA Tue, 03 May 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457955