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Jan 512 min read
External Commercial Borrowings: Framework and Challenges
Explore the regulatory framework and challenges of ECBs, including key risks, approval routes, and compliance essentials.
Oct 10, 20245 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 21, 20243 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 25, 20243 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 26, 20246 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 17, 20243 min read
SAFEMA Clarifies Employee Accountability Under FEMA
SAFEMA ruling emphasizes strict employee compliance with FEMA, impacting penalties.
Jul 16, 20243 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 15, 20243 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 7, 202411 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 1, 20243 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....