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of AT adjudicated a foreign exchange contravention case involving unauthorized receipt of funds from outside India. The tribunal found violations under Sections 3(c) and 3(d) of the 1999 Act based on documentary evidence and corroborated statements. The original penalties of Rs. 9 crore and Rs. 1 crore were substantially reduced to Rs. 2.75 crore and Rs. 25 lakhs respectively, considering the case's age. The tribunal directed respondent to adjust Rs. 1 crore from the confiscated amount of Rs. 1,10,95,000, with excess funds to be returned to the appellant. The appellant's prior deposit of Rs. 90 lakhs and bank guarantee of Rs. 1.10 crore were also considered in the final disposition.
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