Allegation of Bogus Import of Service through Cash Bean App: Delhi HC Dismisses Writ Petition on Evidence to Prove Contravention  in Foreign Exchange Management Act [Read Order]

cash bean app - Foreign Exchange Management Act - Writ Petition - taxscan

In a significant case on the allegation of Bogus import of service through the Cash Bean app, the Delhi High Court dismissed a writ appeal on evidence to prove contravention in the Foreign Exchange Management Act,1999. PC Financial Services Private Ltd, the petitioner is engaged in the business of providing unsecured short-term loans to its…

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