https://www.taxtmi.com/caselaws?id=764883 Penalty under the Foreign Exchange Regulation Act could not be sustained where the person proceeded against was shown only as an export document preparer acting for consideration, and not as an exporter, company controller, or person responsible for realisation of export proceeds. The material on record did not establish his participation in the company's default or any direct connection with the alleged contravention. In the absence of evidence linking him to the substantive violation, penal action against him was unjustified and the penalty was set aside. en-us Wed, 08 Jan 2025 00:00:00 +0530 Mon, 20 Jan 2025 11:56:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764883 Penalty under the Foreign Exchange Regulation Act could not be sustained where the person proceeded against was shown only as an export document preparer acting for consideration, and not as an exporter, company controller, or person responsible for realisation of export proceeds. The material on record did not establish his participation in the company's default or any direct connection with the alleged contravention. In the absence of evidence linking him to the substantive violation, penal action against him was unjustified and the penalty was set aside. Case-Laws FEMA Wed, 08 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764883