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Custom Duty | FEMA Penalties Cut from ₹100 Crore to ₹1 Crore on Unsupported Extrapolation: SAFEMA Tribunal

9 Oct 2026 · 5d agoBy CA Vijayakumar ShettySource: TaxGuru

SAFEMA Tribunal reduces FEMA penalties to ₹1 crore, holding electronic records admissible but rejecting unsupported extrapolation of transactions. The post FEMA Penalties Cut from ₹100 Crore to ₹1 Crore on Unsupported Extrapolation: SAFEMA Tribunal appeared first on TaxGuru .

Attribution

Original credit: CA Vijayakumar Shetty. This digest is published with acknowledgment to TaxGuru. For the complete analysis, headnotes, and citations, please refer to the source.

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