https://www.taxtmi.com/caselaws?id=791312 Delayed reporting of Form FC-GPR under FEMA could not be attributed to the company where the evidence showed that the form and supporting documents had been lodged with the authorised dealer bank and acknowledged by it. The bank's later correspondence to RBI also indicated uncertainty about when the documents were forwarded and sought condonation of its own delay. On that record, the alleged reporting contravention was not proved against the company, and the penalty was unsustainable. The adverse FEMA finding was set aside, with consequential refund of the pre-deposit. en-us Wed, 25 Mar 2026 00:00:00 +0530 Sat, 09 May 2026 07:13:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791312 Delayed reporting of Form FC-GPR under FEMA could not be attributed to the company where the evidence showed that the form and supporting documents had been lodged with the authorised dealer bank and acknowledged by it. The bank's later correspondence to RBI also indicated uncertainty about when the documents were forwarded and sought condonation of its own delay. On that record, the alleged reporting contravention was not proved against the company, and the penalty was unsustainable. The adverse FEMA finding was set aside, with consequential refund of the pre-deposit. Case-Laws FEMA Wed, 25 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791312