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FEMA - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

Activities of smuggling and illegal export of foreign exchange - ...


Smuggling and illegal foreign exchange exports demand compliance with Section 6(1) of SAFEMA; written satisfaction is crucial.

January 21, 2014

Case Laws     FEMA     HC

Activities of smuggling and illegal export of foreign exchange - Section 6(1) of the SAFEMA will have to be strictly followed and the authority's satisfaction must be recorded in writing, failing which, the notice is liable to be quashed. - HC

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