Evidence and Burden of Proof under the Foreign Exchange Management Act (FEMA) of 1999

Under the Foreign Exchange Management Act (FEMA), 1999 all the documents related to foreign transactions are considered as evidence and can be used during the investigation of contraventions of FEMA provisions.

According to Section 12 of FEMA, the Reserve Bank of India (RBI) may, at any time, through its officials can inspect business of any authorised person as necessary, to:-
(a) verify the correctness of any statement, information or particulars provided to RBI;

Evidence and Burden of Proof under the Foreign Exchange Management Act (FEMA) of 1999 - (mylawyersadvice.com) 

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