https://www.taxtmi.com/caselaws?id=784968 Investigations under foreign exchange law established that overseas payments routed through hawala in respect of differential customs dues constituted contravention of FEMA, with statements under Section 37 and electronic proforma invoices corroborating mis-declaration of pesticides as wetting agents; accordingly hawala remittances attracted liability under Section 3(b) and associated persons were held liable as an association for contravention, invoking director liability provisions. Material seized under Customs satisfied FEMA evidentiary requirements. Having regard to payment of differential customs duty with interest and appellants' financial condition, the tribunal reduced penalties and partly allowed the appeals. en-us Thu, 08 Jan 2026 00:00:00 +0530 Thu, 15 Jan 2026 08:41:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784968 Investigations under foreign exchange law established that overseas payments routed through hawala in respect of differential customs dues constituted contravention of FEMA, with statements under Section 37 and electronic proforma invoices corroborating mis-declaration of pesticides as wetting agents; accordingly hawala remittances attracted liability under Section 3(b) and associated persons were held liable as an association for contravention, invoking director liability provisions. Material seized under Customs satisfied FEMA evidentiary requirements. Having regard to payment of differential customs duty with interest and appellants' financial condition, the tribunal reduced penalties and partly allowed the appeals. Case-Laws FEMA Thu, 08 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784968