Complaint case and summoning order quashed. Petitioner not ...

Complaint quashed, petitioner exonerated as not beneficial owner of foreign currency. Tribunal's decision on merits, not technicalities. No abuse of process.

Case Laws     Customs

July 30, 2024

Complaint case and summoning order quashed. Petitioner not considered beneficial owner of foreign currency. Decision by tribunal exonerating petitioner based on merits, not technical grounds. Proceedings show petitioner determined not beneficial owner of foreign currency and cannot be held liable. Petitioner unaware foreign exchange being carried on his behalf. Petitioner and company distinct entities, no principal-agent relationship. Continuation of complaint an abuse of process of law.

View Source