https://www.taxtmi.com/caselaws?id=100483 Pendency of an appeal against a penalty under the Foreign Exchange Regulation Act, 1973 does not by itself suspend recovery where no specific order has been passed dispensing with payment or deposit. The Court applied the view that mere filing or entertainment of the appeal creates no implied stay, and that the statutory scheme requires an express order before recovery can be stopped. The recovery notice was therefore sustained and the writ petition was rejected. en-us Thu, 01 Nov 2001 00:00:00 +0530 Wed, 01 Feb 2012 18:20:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100483 Pendency of an appeal against a penalty under the Foreign Exchange Regulation Act, 1973 does not by itself suspend recovery where no specific order has been passed dispensing with payment or deposit. The Court applied the view that mere filing or entertainment of the appeal creates no implied stay, and that the statutory scheme requires an express order before recovery can be stopped. The recovery notice was therefore sustained and the writ petition was rejected. Case-Laws Central Excise Thu, 01 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100483