https://www.taxtmi.com/caselaws?id=468110 Documentary corroboration and recorded statements may establish clandestine foreign exchange transactions on a preponderance of probabilities in adjudication. Where export and import records, shipping documents, invoices, linked-account transfers, and overseas enquiries show a structured device involving overvalued or misdeclared goods, contravention of the Foreign Exchange Regulation Act is proved and penalty may be sustained. Denial of cross-examination of co-accused or other persons does not vitiate the adjudication unless specific prejudice is shown; absent such prejudice, the order need not be set aside or remitted. 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=468110 Documentary corroboration and recorded statements may establish clandestine foreign exchange transactions on a preponderance of probabilities in adjudication. Where export and import records, shipping documents, invoices, linked-account transfers, and overseas enquiries show a structured device involving overvalued or misdeclared goods, contravention of the Foreign Exchange Regulation Act is proved and penalty may be sustained. Denial of cross-examination of co-accused or other persons does not vitiate the adjudication unless specific prejudice is shown; absent such prejudice, the order need not be set aside or remitted. Case-Laws FEMA Thu, 25 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468110