https://www.taxtmi.com/caselaws?id=468111 Statements recorded under customs and foreign exchange law were relied upon because they were corroborated by seizure material, export-import documents and overseas enquiry results; in a clandestine transaction, denial of cross-examination did not vitiate the adjudication absent demonstrated prejudice. The tribunal applied the preponderance of probabilities standard, not proof beyond reasonable doubt. On the facts, evidence of circular trading, over-invoiced exports, misdeclared imports and the appellant's link to the relevant actors established contravention of foreign exchange law, and the penalty was sustained. en-us Thu, 25 Apr 2024 00:00:00 +0530 Thu, 16 Apr 2026 19:01:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468111 Statements recorded under customs and foreign exchange law were relied upon because they were corroborated by seizure material, export-import documents and overseas enquiry results; in a clandestine transaction, denial of cross-examination did not vitiate the adjudication absent demonstrated prejudice. The tribunal applied the preponderance of probabilities standard, not proof beyond reasonable doubt. On the facts, evidence of circular trading, over-invoiced exports, misdeclared imports and the appellant's link to the relevant actors established contravention of foreign exchange law, and the penalty was sustained. Case-Laws FEMA Thu, 25 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468111