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There is statutory bar on issuance of SCN under FEMA for offence completed under FERA regime

December 6, 2018[2018] 100 115 ((FEMA-AT), NEW DELHI)

FEMA: Once issue of Show Cause Notice of offence completed in FERA regime no Show Cause Notice could be issued after 1-6-2002 under FEMA, 1999 because of statutory bar under FEMA, 1999
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