https://www.taxtmi.com/caselaws?id=467481 Payments made from foreign exchange sale proceeds to persons resident outside India without Reserve Bank permission fell within the prohibition in Section 5(1)(a) of the Foreign Exchange Regulation Act, 1947, so transfers to the appellant's stepmother, her children, and his advocate in Singapore constituted contravention. By contrast, expenditure incurred by the appellant on his own travel and stay abroad was not a payment to a third party and did not attract that provision. The absence of permission was not a mere technicality, and want of mens rea or a claim that permission would have been granted did not negate the breach or justify interference with the reduced penalty, which remained within the statutory limit. en-us Thu, 17 Sep 1981 00:00:00 +0530 Fri, 20 Mar 2026 17:43:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467481 Payments made from foreign exchange sale proceeds to persons resident outside India without Reserve Bank permission fell within the prohibition in Section 5(1)(a) of the Foreign Exchange Regulation Act, 1947, so transfers to the appellant's stepmother, her children, and his advocate in Singapore constituted contravention. By contrast, expenditure incurred by the appellant on his own travel and stay abroad was not a payment to a third party and did not attract that provision. The absence of permission was not a mere technicality, and want of mens rea or a claim that permission would have been granted did not negate the breach or justify interference with the reduced penalty, which remained within the statutory limit. Case-Laws FEMA Thu, 17 Sep 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467481