https://www.taxtmi.com/caselaws?id=459640 The Telangana HC upheld the validity of FERA violation notices issued to petitioners regarding machinery imports from Germany. The court determined that although FERA was repealed under Section 49 of FEMA, proceedings could continue as they were initiated on 15.03.2002, within the two-year sunset period from FEMA's commencement on 01.06.2000. The impugned notices dated 26.07.2004 were merely continuation of the adjudicatory process, not fresh initiation of proceedings. The court ruled that FERA provisions would govern the ongoing violation proceedings against the petitioners. en-us Mon, 05 Jun 2023 00:00:00 +0530 Fri, 20 Dec 2024 19:51:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459640 The Telangana HC upheld the validity of FERA violation notices issued to petitioners regarding machinery imports from Germany. The court determined that although FERA was repealed under Section 49 of FEMA, proceedings could continue as they were initiated on 15.03.2002, within the two-year sunset period from FEMA's commencement on 01.06.2000. The impugned notices dated 26.07.2004 were merely continuation of the adjudicatory process, not fresh initiation of proceedings. The court ruled that FERA provisions would govern the ongoing violation proceedings against the petitioners. Case-Laws FEMA Mon, 05 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459640