https://www.taxtmi.com/caselaws?id=465148 The AT upheld the adjudicating authority's finding that the appellant contravened s. 3(b) FEMA, 1999 by making payments to overseas suppliers through unauthorised, non-banking channels for import of photocopier components and sub-assemblies. Relying on seized documents, third-party records, and the appellant's own statements before DGCEI and ED, the AT held that imports were in fact routed through multiple concerns floated by the appellant and that no legitimate remittances were made. The plea that no imports occurred and that only dismantled local components were dealt with was rejected. Alleged violation of principles of natural justice, including use of case law, was found unsustainable. The appeal and pending applications were dismissed. en-us Tue, 29 Oct 2024 00:00:00 +0530 Mon, 08 Dec 2025 18:58:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465148 The AT upheld the adjudicating authority's finding that the appellant contravened s. 3(b) FEMA, 1999 by making payments to overseas suppliers through unauthorised, non-banking channels for import of photocopier components and sub-assemblies. Relying on seized documents, third-party records, and the appellant's own statements before DGCEI and ED, the AT held that imports were in fact routed through multiple concerns floated by the appellant and that no legitimate remittances were made. The plea that no imports occurred and that only dismantled local components were dealt with was rejected. Alleged violation of principles of natural justice, including use of case law, was found unsustainable. The appeal and pending applications were dismissed. Case-Laws FEMA Tue, 29 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465148