https://www.taxtmi.com/caselaws?id=796233 Company-liability provisions under FEMA attach responsibility to a person in charge of business conduct or whose neglect contributes to the company's contravention. Authority to execute export-related banking and transaction documents established responsibility for non-realisation and repatriation of export proceeds; neglect was attributable despite no proven consent, connivance or mens rea. Liability was therefore retained. The monetary penalty was limited to the amount already deposited, modifying the adjudication order while preserving the finding of contravention. en-us Thu, 23 Jul 2026 00:00:00 +0530 Mon, 03 Aug 2026 08:20:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796233 Company-liability provisions under FEMA attach responsibility to a person in charge of business conduct or whose neglect contributes to the company's contravention. Authority to execute export-related banking and transaction documents established responsibility for non-realisation and repatriation of export proceeds; neglect was attributable despite no proven consent, connivance or mens rea. Liability was therefore retained. The monetary penalty was limited to the amount already deposited, modifying the adjudication order while preserving the finding of contravention. Case-Laws FEMA Thu, 23 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796233