Violation of RBI Scheme and FERA provisions. Four containers of ...

Exporters diverted tea shipment, obtained proceeds through false claims; accessory appellants aided contravention.

Case Laws FEMA

September 3, 2024

Violation of RBI Scheme and FERA provisions. Four containers of Indian Black Tea intended for Moscow were shipped to Dubai instead. Appellants issued Bills of Lading aware of diversion to Dubai, facilitating exporter's violation. Exporter claimed delivery to Moscow via Dubai and Bandarabbas, but failed to provide evidence of buyer receiving cargo. Sale proceeds drawn against letter of credit despite non-delivery. Dispute arose after department's inquiry. Appellants connived with exporter, actively participating and abetting contravention. Impugned order upheld, appeal dismissed.

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Violation of RBI Scheme and FERA provisions. Four containers of ...

Exporters diverted tea shipment, obtained proceeds through false claims; accessory appellants aided contravention.

Case Laws FEMA

September 3, 2024

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