https://www.taxtmi.com/caselaws?id=457948 A retracted confession recorded by an Enforcement Officer under summons may be relied on if it is voluntary, true, and supported by independent surrounding evidence; it is not inadmissible merely because the maker was not in police custody. On the facts, the statement was corroborated by the seizure memo, recovery of gold, undisputed travel details, and other circumstances, so contravention of section 8(1) of the Foreign Exchange Regulation Act, 1973 was established. The penalty, however, was found disproportionate to the limited foreign exchange loss actually proved on the record and was reduced accordingly. en-us Mon, 13 Jul 1992 00:00:00 +0530 Tue, 01 Oct 2024 18:17:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457948 A retracted confession recorded by an Enforcement Officer under summons may be relied on if it is voluntary, true, and supported by independent surrounding evidence; it is not inadmissible merely because the maker was not in police custody. On the facts, the statement was corroborated by the seizure memo, recovery of gold, undisputed travel details, and other circumstances, so contravention of section 8(1) of the Foreign Exchange Regulation Act, 1973 was established. The penalty, however, was found disproportionate to the limited foreign exchange loss actually proved on the record and was reduced accordingly. Case-Laws FEMA Mon, 13 Jul 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457948