Tuesday 4 February 2014

Indian resident held guilty on confession that he received and made payment on behalf of NR in contr

FERA : Where certain amount was recovered and seized by Enforcement Officers from office and residence of appellant who confessed that he was indulged in receiving and making payment in India on behalf of a Singapore resident without any exemption from RBI, appellant was rightly held guilty of provisions of section 9(1)(b) and 9(1)(d)


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