Contravention of section 3 FEMA - A statement made under oath has to be taken as true, unless there is...

Contravention of section 3 FEMA - A statement made under oath has to be taken as true, unless there is contra evidence to dispel that presumption. Mere retraction of a statement made under oath cannot help the appellant to get relief from the consequences of violations of an act. - AT .....

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