https://www.taxtmi.com/caselaws?id=462604 The HC dismissed the writ petition regarding FEMA Rule 4(3) interpretation. The court held that procedural rules must be read as written without judicial expansion that would provide additional opportunities beyond those contemplated. The court rejected the Bombay HC's broader interpretation of Rule 4(3) requiring communication of adjudicating authority's opinion to the noticee, following instead the Madras HC Division Bench precedent in India Cements Limited case. The court ruled that expanding procedural scope would cause prejudice and prolong proceedings, directing the Enforcement Directorate to cancel the related circular. en-us Tue, 30 Apr 2024 00:00:00 +0530 Wed, 02 Jul 2025 14:55:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462604 The HC dismissed the writ petition regarding FEMA Rule 4(3) interpretation. The court held that procedural rules must be read as written without judicial expansion that would provide additional opportunities beyond those contemplated. The court rejected the Bombay HC's broader interpretation of Rule 4(3) requiring communication of adjudicating authority's opinion to the noticee, following instead the Madras HC Division Bench precedent in India Cements Limited case. The court ruled that expanding procedural scope would cause prejudice and prolong proceedings, directing the Enforcement Directorate to cancel the related circular. Case-Laws FEMA Tue, 30 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462604