https://www.taxtmi.com/caselaws?id=467615 Penalty for alleged contravention of FERA sections 8(3) and 8(4) was not sustained where documentary evidence, including copies of the bill of entry, revised bill of entry, bill of lading, invoice and bank communication, sufficiently linked the remittance to the imported consignment. The absence of the original exchange control copy of the bill of entry was treated as non-fatal because the import and remittance were otherwise proved. The principle applied was that penalty should not follow a mere technical or venial lapse when the transaction is genuine and the breach is not deliberate or contumacious, so the alleged contravention was not established. en-us Mon, 03 Jun 2024 00:00:00 +0530 Thu, 26 Mar 2026 19:09:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467615 Penalty for alleged contravention of FERA sections 8(3) and 8(4) was not sustained where documentary evidence, including copies of the bill of entry, revised bill of entry, bill of lading, invoice and bank communication, sufficiently linked the remittance to the imported consignment. The absence of the original exchange control copy of the bill of entry was treated as non-fatal because the import and remittance were otherwise proved. The principle applied was that penalty should not follow a mere technical or venial lapse when the transaction is genuine and the breach is not deliberate or contumacious, so the alleged contravention was not established. Case-Laws FEMA Mon, 03 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467615