https://www.taxtmi.com/caselaws?id=84435 An order made under the second proviso to Section 52(2) of the Foreign Exchange Regulation Act, 1973 directing pre-deposit is interlocutory, because it regulates the hearing of the appeal without deciding the merits, and the Appellate Board may modify it if later circumstances justify further relief. The Board's partial waiver was upheld because it was based on undue hardship, including substantial prior deposit and an inability to raise funds, and the discretion was exercised judicially rather than arbitrarily or perversely. The challenge to the Board's interim directions therefore failed. en-us Mon, 17 Jul 1995 00:00:00 +0530 Thu, 21 Jul 2011 18:43:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84435 An order made under the second proviso to Section 52(2) of the Foreign Exchange Regulation Act, 1973 directing pre-deposit is interlocutory, because it regulates the hearing of the appeal without deciding the merits, and the Appellate Board may modify it if later circumstances justify further relief. The Board's partial waiver was upheld because it was based on undue hardship, including substantial prior deposit and an inability to raise funds, and the discretion was exercised judicially rather than arbitrarily or perversely. The challenge to the Board's interim directions therefore failed. Case-Laws FEMA Mon, 17 Jul 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84435