https://www.taxtmi.com/caselaws?id=784967 Seizure of Demat accounts arising from alleged foreign exchange contravention is addressed by allowing substitution of the seized assets with a fixed deposit of equivalent value to secure the alleged sum; this substitution is justified as an equitable means to protect the respondents' interest while preserving the contested value. The substituted fixed deposit will remain subject to the outcome of ongoing adjudication proceedings and any compounding application pursued with the Reserve Bank; lien will be retained on the deposited amount and the original seizure is lifted upon furnishing the FD. en-us Mon, 05 Jan 2026 00:00:00 +0530 Thu, 15 Jan 2026 08:41:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784967 Seizure of Demat accounts arising from alleged foreign exchange contravention is addressed by allowing substitution of the seized assets with a fixed deposit of equivalent value to secure the alleged sum; this substitution is justified as an equitable means to protect the respondents' interest while preserving the contested value. The substituted fixed deposit will remain subject to the outcome of ongoing adjudication proceedings and any compounding application pursued with the Reserve Bank; lien will be retained on the deposited amount and the original seizure is lifted upon furnishing the FD. Case-Laws FEMA Mon, 05 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784967