https://www.taxtmi.com/caselaws?id=468110 In clandestine foreign exchange adjudication, statements recorded under the Customs Act and FERA may be relied on with corroborative documentary material, and the test remains preponderance of probabilities rather than strict proof. On the facts, over-invoicing, subsequent import of the same goods, remittance movements, cash withdrawals, and overseas enquiries indicating common control of buyer and seller supported the contravention. Denial of cross-examination did not vitiate the adjudication because no specific prejudice was shown. The penalty for contravention of Sections 8(1) and 9(1)(f)(i) of FERA was therefore sustained. en-us Thu, 25 Apr 2024 00:00:00 +0530 Thu, 16 Apr 2026 19:01:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468110 In clandestine foreign exchange adjudication, statements recorded under the Customs Act and FERA may be relied on with corroborative documentary material, and the test remains preponderance of probabilities rather than strict proof. On the facts, over-invoicing, subsequent import of the same goods, remittance movements, cash withdrawals, and overseas enquiries indicating common control of buyer and seller supported the contravention. Denial of cross-examination did not vitiate the adjudication because no specific prejudice was shown. The penalty for contravention of Sections 8(1) and 9(1)(f)(i) of FERA was therefore sustained. Case-Laws FEMA Thu, 25 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468110