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Nu.Delhi.Law.Fora. (Advocate-on-Record Supreme Court of India)     22 January 2011

RBI Write Off and Criminal Prosecution under FERA Act

Dear Experts,


Please opine whether a Criminal Complaint for failure to repatriate exports proceeds can continue in trial court for violation under Section 18(2) & 18(3) of FERA Act when RBI writes off /waive repatriation of said foreign dues.


Thanks in anticipation.


 1 Replies

M.S.Bhalerao (advocate)     28 January 2011


Write off/Waiver is internal and administrative action of the RBI.The case can continue till(1) final order by the court or (2) The case is withdrawn by the complainant

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