https://www.taxtmi.com/caselaws?id=111653 The Court upheld the constitutional validity of sections 19(1) and (2) of FEMA and rule 10 of the Foreign Exchange Management (Adjudication Proceedings and Appeal) Rules, 2000. It ruled that the requirement for depositing the penalty amount for filing appeals to the Appellate Tribunal is not arbitrary or unconstitutional under Article 14. The Court emphasized the correlation between fees collected and services provided, rejecting the argument that the court fee requirement is unjust. The petition challenging these provisions was dismissed, with the Court advising the petitioner to address penalty issues before the Appellate Tribunal after complying with the rules. en-us Thu, 31 Aug 2006 00:00:00 +0530 Tue, 24 Apr 2012 15:29:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111653 The Court upheld the constitutional validity of sections 19(1) and (2) of FEMA and rule 10 of the Foreign Exchange Management (Adjudication Proceedings and Appeal) Rules, 2000. It ruled that the requirement for depositing the penalty amount for filing appeals to the Appellate Tribunal is not arbitrary or unconstitutional under Article 14. The Court emphasized the correlation between fees collected and services provided, rejecting the argument that the court fee requirement is unjust. The petition challenging these provisions was dismissed, with the Court advising the petitioner to address penalty issues before the Appellate Tribunal after complying with the rules. Case-Laws Companies Law Thu, 31 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111653