https://www.taxtmi.com/caselaws?id=779275 Retraction of a confession did not displace the evidentiary value of seized documents, recorded statements and corroborative material where the Tribunal found the confession voluntary, truthful and unsupported by proof of coercion or undue influence. On that basis, contravention of Section 9(1)(b) and Section 9(1)(d) of the Foreign Exchange Regulation Act, 1973 was upheld as established through mutually reinforcing evidence showing hawala transactions on instructions from persons outside India. While sustaining the violation, the Tribunal moderated the penalty on proportionality grounds, taking into account the appellant's age, the long pendency of proceedings and the amount already deposited, and maintained the confiscation. en-us Tue, 19 Aug 2025 00:00:00 +0530 Fri, 03 Oct 2025 08:30:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779275 Retraction of a confession did not displace the evidentiary value of seized documents, recorded statements and corroborative material where the Tribunal found the confession voluntary, truthful and unsupported by proof of coercion or undue influence. On that basis, contravention of Section 9(1)(b) and Section 9(1)(d) of the Foreign Exchange Regulation Act, 1973 was upheld as established through mutually reinforcing evidence showing hawala transactions on instructions from persons outside India. While sustaining the violation, the Tribunal moderated the penalty on proportionality grounds, taking into account the appellant's age, the long pendency of proceedings and the amount already deposited, and maintained the confiscation. Case-Laws FEMA Tue, 19 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779275