pari materia with Section 8 of FEMA. As far as
FERA 1973 is concerned, Section 18 thereof corresponds to Section 7
FEMA and Section ... Section 7 of the
FEMA corresponds to Section 12 of the FERA 1947 whereas Section 8
FEMA corresponds to Section 10 FERA
Section 14 of the Limitation Act, 1963 would apply
in relation to an Appeal before the High Court under Section 35 of the
FEMA.
7 ... Appeal under Section 35 of
the FEMA. Section 35 of the FEMA does not in any event expressly
exclude the application of Section
foreign securities."
9. Section 7 casts certain obligations on exporters of goods and services. Sub-section (3) of section 7 provides that every exporter ... such services. Sub-section (1) of section 7 casts a similar duty on exporter of goods.
10. Section 10 of FEMA, 1999, inter alia, provides
guilty of any non
declaration in terms of Section 7(1)(a) of FEMA r/w Regulation 9(1) and
13 of Foreign Exchange Management ... outstanding during the adjudication proceedings and the
regulations framed under Section 7 of FEMA puts the entire onus on the
exporter to realise export value
Special Director, ED purportedly took note of the contravention of Sections 7 and 8 FEMA, in fact related to a period prior to the coming ... complaint preceding it invoke only the provisions of Sections 7 and 8 FEMA read with Section 42 thereof and not the provisions of the FERA
contravention" under Section 49(3) of FEMA and Section 51 of
FERA :
(i) Section 49(3) of FEMA provides for the sunset clause ... than section 13 , clause (a) of sub-section(1) of
1 [ section 18 , section 18A] and clause (a) of sub-section (1) of section
with
sub-section (1) of section 16 , sub-section (3) of section 17 and
sub-section (2) of section 19 of the FEMA, the Central ... connection with
the contravention of provisions of Sections 7(1)(a) , 7(3) and 42 of
the FEMA read with Regulation 16 of the Foreign
contravention of the provisions of Sections 7 and 8 of FEMA, 1999 read with section 9 and 13(i)(ii) of Foreign Exchange Management (Export ... Holding that the Appellants have contravened provisions of Sections 7 and 8 of FEMA, 1999 read with Regulations
Offence under Section 3(a) of FEMA is an independent offence
different from offence under Section 6(3)(g) of FEMA and/or the
offences ... 7(1)(a) of the FEMA Section 6(3)(g) and Section 7(1)(a) of the
FEMA are set out hereinbelow for convenience
FEMA, 1999 read with Section 11(1) of the Customs Act, 1962, and Section 13(2) of FEMA, 1999. Section 5 of FEMA deals with ... account transactions with an authorized person and Section 7 deals with the export of goods and Services. Section 11(1) of the Customs
