https://www.taxtmi.com/caselaws?id=800533 Foreign-exchange contraventions may be determined independently of Customs valuation and duty proceedings because the two regimes address different legal requirements. Under the statutory presumption for seized documents, electronic records supported by invoices, packing lists, banking entries and a Section 108 Customs Act statement can establish FEMA contraventions on a preponderance of probabilities where no tampering or rebuttal is shown. Liability must remain limited to documented and corroborated transactions; projections or extrapolations without independent supporting evidence cannot sustain further contraventions. Individuals responsible for a company's business may be liable for the proved contraventions. en-us Thu, 01 Oct 2026 00:00:00 +0530 Thu, 08 Oct 2026 08:45:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800533 Foreign-exchange contraventions may be determined independently of Customs valuation and duty proceedings because the two regimes address different legal requirements. Under the statutory presumption for seized documents, electronic records supported by invoices, packing lists, banking entries and a Section 108 Customs Act statement can establish FEMA contraventions on a preponderance of probabilities where no tampering or rebuttal is shown. Liability must remain limited to documented and corroborated transactions; projections or extrapolations without independent supporting evidence cannot sustain further contraventions. Individuals responsible for a company's business may be liable for the proved contraventions. Case-Laws FEMA Thu, 01 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800533