https://www.taxtmi.com/caselaws?id=789366 Penalty for non-submission of the relevant Bill of Entry was examined on the basis of whether the remittances were covered by the stated import document. The Tribunal found that the handwritten noting did not conclusively prove full customs duty coverage or authorised certification, while the RBI confirmed that the Bills of Entry for the remittances were not submitted to the authorised dealer. On that evidentiary record, contravention was maintained, but the penalty was moderated having regard to the surrounding facts and proof. The penalty was therefore upheld in principle and reduced in quantum. en-us Wed, 25 Mar 2026 00:00:00 +0530 Wed, 08 Apr 2026 08:56:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789366 Penalty for non-submission of the relevant Bill of Entry was examined on the basis of whether the remittances were covered by the stated import document. The Tribunal found that the handwritten noting did not conclusively prove full customs duty coverage or authorised certification, while the RBI confirmed that the Bills of Entry for the remittances were not submitted to the authorised dealer. On that evidentiary record, contravention was maintained, but the penalty was moderated having regard to the surrounding facts and proof. The penalty was therefore upheld in principle and reduced in quantum. Case-Laws FEMA Wed, 25 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789366