Subir Ghosh Versus Union of India - FEMA - CALCUTTA HIGH COURT - HC - Violation of Sections 8(1) and 8(2) of the Foreign Exchange Regulation Act, 1973 - Confiscation of foreign and Indian currency - Tribunal sustained the confiscation of Foreign Currency but the confiscation of Indian Currency and Indira Vikas Patra Certificates was set aside - Bar of limitation - Held that - The writ application is disposed of by directing the concerned respondents to forthwith refund the proceeds of the Indira................................... FEMA - Case Laws
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