https://www.taxtmi.com/highlights?id=86801 The AT set aside penalties of Rs.4,00,000/- and Rs.6,00,000/- imposed on the appellant under FEMA. Despite allegations that the appellant assisted in preparing forged documents for M/s Prominent Exim's exports, the Tribunal found insufficient evidence to establish contravention of Sections 3(b) and 3(d) of FEMA 1999. The appellant, working as a Custom Clearance Agent, merely processed export documentation and received commission (15% of the 40% DEPB received by Vinod Chitalia). The Tribunal concluded that receiving payment for processing export documents did not constitute a violation of the specified FEMA provisions, and accordingly allowed the appeal. en-us Tue, 25 Mar 2025 08:48:17 +0530 Tue, 25 Mar 2025 08:48:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=86801 The AT set aside penalties of Rs.4,00,000/- and Rs.6,00,000/- imposed on the appellant under FEMA. Despite allegations that the appellant assisted in preparing forged documents for M/s Prominent Exim's exports, the Tribunal found insufficient evidence to establish contravention of Sections 3(b) and 3(d) of FEMA 1999. The appellant, working as a Custom Clearance Agent, merely processed export documentation and received commission (15% of the 40% DEPB received by Vinod Chitalia). The Tribunal concluded that receiving payment for processing export documents did not constitute a violation of the specified FEMA provisions, and accordingly allowed the appeal. Highlights FEMA Tue, 25 Mar 2025 08:48:17 +0530 https://www.taxtmi.com/highlights?id=86801