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FEMA - Highlights / Catch Notes

Home Highlights May 2012 Year 2012 This

Bogus exports - Fabricated Export - export under the DEPB Scheme ...


Fabricated Exports Violate Foreign Exchange Management Act; Settlement Commission Orders Are Final and Non-Contestable.

May 14, 2012

Case Laws     FEMA     HC

Bogus exports - Fabricated Export - export under the DEPB Scheme - Violation of the provisions of Section 3(b) and Section 3(d) of the Foreign Exchange Management Act, 1999 - orders of the Settlement Commission can not be challenged.

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