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<h1>Penalty Overturned: Appellant Company Proves Import Compliance, FERA 1973 Charges Quashed, Appeal Successful.</h1> The ATFE, New Delhi, overturned the Adjudication Order against the appellant company, which had imposed a penalty for alleged violations of the FERA, ... - The Appellate Tribunal for Foreign Exchange, New Delhi set aside and quashed the Adjudication Order imposing a penalty on the appellant company for alleged violation of Foreign Exchange Regulation Act, 1973. The appellant provided proof of import of goods for the remittances, leading to the order being overturned. The appeal was allowed.
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