FINAL ORDER

24.09.2025

The present appeal has been filed under Section 19(1) of the Foreign Exchange Management Act, 1999 (FEMA, 1999) against the Order No. SDE/SRO/CEZO-II/15/2022 passed by the Spl. Director, Directorate of Enforcement on 26.08.2022.

Facts in Brief

2. Facts on record reveal that the appellant company, M/s Woosu Automative India Pvt. Ltd., was incorporated in 2007 and was engaged in the manufacture of transmission parts used in motor cars and supplying them to the motor car manufacturing companies in India and abroad. Information was received by the Respondent Directorate that the company had received inward remittances of INR 23,87,33,009.6 and the same had not been reported to Reserve Bank of India (RBI). Based on the information, investigations were initiated under the provisions of FEMA, 1999. During the investigation, statement of Mr. Yong Chan Jung, Director of the company was recorded. Details of foreign inward remittances were also obtained from the RBI.

3. Based on the investigations, a Complaint was filed before the adjudicating authority. The said complaint contained the following allegations:

 That in respect inward remittances amounting to INR 30,83,63,005/