https://www.taxtmi.com/caselaws?id=790599 Section 37A of FEMA was treated as available on the date of invocation where foreign exchange or foreign securities were suspected to be held in contravention of Section 4, and the Tribunal read the contravention as continuing so that transactions before and after the amendment could be considered together. It also adopted a broad reading of "person aggrieved" for maintainability of the Union's appeal through the authorised officer. On the facts, false ODI declarations, non-disclosure of step-down subsidiaries, absence of bona fide business use, and routing funds without the conditions for automatic approval were treated as showing contravention of FEMA and supporting seizure. No denial of natural justice was found. en-us Wed, 01 Apr 2026 00:00:00 +0530 Mon, 27 Apr 2026 17:30:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790599 Section 37A of FEMA was treated as available on the date of invocation where foreign exchange or foreign securities were suspected to be held in contravention of Section 4, and the Tribunal read the contravention as continuing so that transactions before and after the amendment could be considered together. It also adopted a broad reading of "person aggrieved" for maintainability of the Union's appeal through the authorised officer. On the facts, false ODI declarations, non-disclosure of step-down subsidiaries, absence of bona fide business use, and routing funds without the conditions for automatic approval were treated as showing contravention of FEMA and supporting seizure. No denial of natural justice was found. Case-Laws FEMA Wed, 01 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790599