https://www.taxtmi.com/caselaws?id=459812 A retracted statement can still support a finding of contravention under FERA when it is substantially corroborated by independent documentary and oral evidence. Here, the Tribunal noted corroboration from seized documents, bank records, telephone bills, witness statements, and account movements showing receipt and disbursement of foreign-exchange related payments through accounts in different names. On that evidentiary trail, it treated the contraventions under Section 9(1)(b) and Section 9(1)(d) as proved and sustained the linked penalties and confiscation, finding no material infirmity or disproportionality in the adjudication order. en-us Mon, 19 May 2014 00:00:00 +0530 Sat, 28 Dec 2024 20:42:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459812 A retracted statement can still support a finding of contravention under FERA when it is substantially corroborated by independent documentary and oral evidence. Here, the Tribunal noted corroboration from seized documents, bank records, telephone bills, witness statements, and account movements showing receipt and disbursement of foreign-exchange related payments through accounts in different names. On that evidentiary trail, it treated the contraventions under Section 9(1)(b) and Section 9(1)(d) as proved and sustained the linked penalties and confiscation, finding no material infirmity or disproportionality in the adjudication order. Case-Laws FEMA Mon, 19 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459812