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FEMA - Highlights / Catch Notes

Home Highlights April 2020 Year 2020 This

Offence under FERA / FEMA - Economic Offence cases - failure to ...

FEMA

April 15, 2020

Offence under FERA / FEMA - Economic Offence cases - failure to realize the respective full export proceeds - By just giving the quota to A-1 to A-3, A-4 to A-6 cannot shirk their responsibility and take a turn and say that since they are not the exporters and that the sale proceeds does not pertain to them, they have not contravened the provisions of Section 18 (3) more so, when A-6 is the joint declarant in the GR Forms along with A-1. - HC

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