2009 (9) TMI 1087 - AT - FEMA

Summary

The appellant challenged an adjudication order imposing penalties for contravention of FER Act. The order was based solely on the appellant's admissional statement without corroboration. The appellant pleaded mistake of fact, which is a valid defense. The impugned order was quashed due to lack of corroboration, following the judgment in Vinod Solanki v. Union of India 2009 (233) ELT 1571. The appeal was allowed in favor of the appellant.