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Oct 105 min read

New Guidelines on Compounding of Contraventions under FEMA

Revised 2024 FEMA guidelines simplify the process for compounding contraventions, streamlining compliance and reducing legal risks.

Sep 213 min read

FEMA Compounding Rules 2024: Key Amendments and Non-Compoundable Offences

Explore key changes in FEMA Rules 2024, including new compounding guidelines and introduction of non-compoundable offences.

Aug 253 min read

Appellate Tribunal SAFEMA Revisits Penalty Proportionality: Balancing Compliance, Proportionality, and Regulatory Oversight under FEMA

The SAFEMA Tribunal reduced penalties under FEMA, recognising the importance of proportionality in regulatory enforcement and compliance.

Jul 266 min read

SAFEMA: Justification of Property Seizure under Section 37A without Evidence of Non-Contravention

Appellate Tribunal SAFEMA upholds property seizure under section 37A of FEMA, emphasising the minimal threshold for proving contravention.

Jul 173 min read

SAFEMA Clarifies Employee Accountability Under FEMA

SAFEMA ruling emphasizes strict employee compliance with FEMA, impacting penalties.

Jul 163 min read

Foreign Currency Confiscation: SAFEMA Appellate Tribunal Confirms Penalties for Foreign Exchange Violations

SAFEMA Tribunal upholds ED's penalties on unauthorised forex transactions, stressing robust evidence.

Jul 153 min read

Judicial Scrutiny & Corroboration: SAFEMA Tribunal on Proportional Penalties & Evidence in FEMA Cases

SAFEMA Tribunal adjusts FEMA penalties, emphasising evidence corroboration and judicial scrutiny in Kapadia's case.

Jul 711 min read

Penalties Under FEMA: Ensuring Compliance in India’s Evolving Foreign Exchange Landscape

Explore how FEMA's framework enhances forex compliance, upholding India's economic integrity and stability.

Jun 13 min read

FERA Provisions Upheld for Pre-FEMA Offences: Conviction Maintained, Sentence Adjusted for Elderly Offender

FERA rules apply retroactively in a key ruling, with sentence adjustments for age considerations.

Jul 3, 20233 min read

[CESTAT] Adjudication liable to be set aside if cross-examination not granted

Customs, Excise and Service Tax Appellate Tribunal, Ahmedabad (‘CESTAT’), recently passed an order in the case of Indu Oversea Private...

Jun 30, 20233 min read

Provisional Attachment: 1-Year Limit on Bank Account Freeze - Bharat Parihar v. State of Maharashtra

[Bombay HC] Provisional attachment of a bank account cannot continue after the expiry of a year from the date of the original attachment....

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