Overseas Commission Under-Invoicing Case – Penalty reduced, LTC Relief Granted

Fomento Resources Pvt. Ltd. Vs Special Director Directorate of Enforcement (Appellate Tribunal Under SAFEMA Delhi)

FEMA Penalty in Iron Ore Export Case Partly Upheld-Alleged Under-Invoicing via Overseas Commission – Tribunal Reduces Penalty & Drops Charges for LTC Consignments

The SAFEMA Appellate Tribunal partly allowed appeals filed by M/s Fomento Resources Pvt. Ltd. & its Directors against FEMA penalties imposed for alleged under-invoicing of iron ore exports through discounts l

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