https://www.taxtmi.com/caselaws?id=789089 A show cause notice under FEMA based on seizure under Section 37A cannot stand where the competent authority has refused to confirm the seizure on the ground that the alleged contravention lacked a factual foundation. The Supreme Court held that Section 37A(4) applies only after confirmed seizure and does not permit adjudication to proceed on the footing of an unconfirmed seizure while a statutory appeal against that refusal remains pending. The impugned writ and adjudication orders were set aside, proceedings were restored to the show cause stage, and the appeal against the refusal to confirm seizure had to be decided first. en-us Wed, 01 Apr 2026 00:00:00 +0530 Fri, 03 Apr 2026 08:49:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789089 A show cause notice under FEMA based on seizure under Section 37A cannot stand where the competent authority has refused to confirm the seizure on the ground that the alleged contravention lacked a factual foundation. The Supreme Court held that Section 37A(4) applies only after confirmed seizure and does not permit adjudication to proceed on the footing of an unconfirmed seizure while a statutory appeal against that refusal remains pending. The impugned writ and adjudication orders were set aside, proceedings were restored to the show cause stage, and the appeal against the refusal to confirm seizure had to be decided first. Case-Laws FEMA Wed, 01 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789089