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<h1>Appeal Dismissed as Time-Barred: Foreign Exchange Regulation Act Penalty Stands After Late Filing.</h1> The appeal challenging the penalty under the Foreign Exchange Regulation Act, 1973, was dismissed by the Board as time-barred. The appeal was filed beyond ... - The appeal was filed against a penalty imposed under the Foreign Exchange Regulation Act, 1973. The appeal was dismissed as time-barred because it was filed beyond the permissible period of 90 days from the receipt of the impugned order. The Board rejected the request for adjournment and upheld the dismissal of the appeal.
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