https://www.taxtmi.com/caselaws?id=796927 Section 37A(1) of the Foreign Exchange Management Act permits seizure of Indian property equivalent in value to foreign exchange, foreign security or overseas property suspected to have been held in contravention of Section 4. At the seizure-confirmation stage, material need only establish a prima facie case, with final adjudication remaining separate. Tally data, emails, witness statements, a token-based cash-delivery mechanism, identified intermediaries and matching overseas bank deposits supported a prima facie inference of unauthorised fund transfers from India to Dubai. The overseas company's separate legal personality and an Income-tax Act settlement did not preclude FEMA seizure proceedings. Refusal to confirm seizure was therefore unsustainable. en-us Mon, 13 Jul 2026 00:00:00 +0530 Thu, 13 Aug 2026 08:30:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796927 Section 37A(1) of the Foreign Exchange Management Act permits seizure of Indian property equivalent in value to foreign exchange, foreign security or overseas property suspected to have been held in contravention of Section 4. At the seizure-confirmation stage, material need only establish a prima facie case, with final adjudication remaining separate. Tally data, emails, witness statements, a token-based cash-delivery mechanism, identified intermediaries and matching overseas bank deposits supported a prima facie inference of unauthorised fund transfers from India to Dubai. The overseas company's separate legal personality and an Income-tax Act settlement did not preclude FEMA seizure proceedings. Refusal to confirm seizure was therefore unsustainable. Case-Laws FEMA Mon, 13 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796927