FEMA Violations Alone Aren't Enough to Trigger Customs Act Provisions; Requires Additional Criteria Under FEMA 1999.

An offence under FEMA does not automatically result in invocation of provisions of customs Act. Thus the Act of buying and selling of foreign exchange in violation of FEMA, 1999, rules, regulation and guidelines issued under FEMA is not by itself sufficient to invoke charges under Customs Act. .....

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