https://www.taxtmi.com/caselaws?id=788168 Seized documents, corroborating statements and surrounding enquiries were treated as sufficient to establish contravention of foreign exchange provisions, and the appellant's failure to rebut that material meant the finding on merits was sustained. However, prolonged delay in adjudication was accepted as a mitigating factor affecting punishment, even though earlier pre-deposit dispensation did not end the proceedings. On that basis, the Tribunal upheld the adjudication on liability but reduced the penalty, granting partial relief because the lapse of time justified moderation of the penal consequence. en-us Thu, 12 Mar 2026 00:00:00 +0530 Wed, 18 Mar 2026 08:20:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788168 Seized documents, corroborating statements and surrounding enquiries were treated as sufficient to establish contravention of foreign exchange provisions, and the appellant's failure to rebut that material meant the finding on merits was sustained. However, prolonged delay in adjudication was accepted as a mitigating factor affecting punishment, even though earlier pre-deposit dispensation did not end the proceedings. On that basis, the Tribunal upheld the adjudication on liability but reduced the penalty, granting partial relief because the lapse of time justified moderation of the penal consequence. Case-Laws FEMA Thu, 12 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788168