https://www.taxtmi.com/caselaws?id=100445 Failure to repatriate export proceeds within the prescribed period, without obtaining an extension on sufficient cause, constitutes contravention under the foreign exchange export-realisation framework; subsequent belated recovery efforts do not erase the breach, and penalty may follow without proof of mens rea because the obligation is civil in nature. Appellate interference with the quantum of penalty is confined to questions of law, so where no legal infirmity, arbitrariness, or other reviewable error is shown, the reduced penalty is left undisturbed. en-us Thu, 27 Sep 2001 00:00:00 +0530 Wed, 01 Feb 2012 16:30:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100445 Failure to repatriate export proceeds within the prescribed period, without obtaining an extension on sufficient cause, constitutes contravention under the foreign exchange export-realisation framework; subsequent belated recovery efforts do not erase the breach, and penalty may follow without proof of mens rea because the obligation is civil in nature. Appellate interference with the quantum of penalty is confined to questions of law, so where no legal infirmity, arbitrariness, or other reviewable error is shown, the reduced penalty is left undisturbed. Case-Laws FEMA Thu, 27 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100445