https://www.taxtmi.com/caselaws?id=110727 A penalty already imposed and finalised under the Foreign Exchange Regulation Act, 1973 could still be recovered as arrears of land revenue after the Foreign Exchange Management Act, 1999 commenced. The saving clause in section 49 preserved completed proceedings under the repealed Act, and section 49(3) did not assist the challenger because adjudication had been concluded before the later Act came into force. The beneficial penalty and civil imprisonment provisions in sections 13 and 14 of the later Act did not apply to a concluded adjudication under the repealed statute. Section 6 of the General Clauses Act, 1897 also supported continuance of the liability. en-us Wed, 01 Feb 2006 00:00:00 +0530 Wed, 18 Apr 2012 13:26:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110727 A penalty already imposed and finalised under the Foreign Exchange Regulation Act, 1973 could still be recovered as arrears of land revenue after the Foreign Exchange Management Act, 1999 commenced. The saving clause in section 49 preserved completed proceedings under the repealed Act, and section 49(3) did not assist the challenger because adjudication had been concluded before the later Act came into force. The beneficial penalty and civil imprisonment provisions in sections 13 and 14 of the later Act did not apply to a concluded adjudication under the repealed statute. Section 6 of the General Clauses Act, 1897 also supported continuance of the liability. Case-Laws Companies Law Wed, 01 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110727