https://www.taxtmi.com/caselaws?id=203556 The Supreme Court allowed the appeals, emphasizing the Appellate Authority's discretion in dispensing with pre-deposit requirements for penalty appeals under the Foreign Trade (Development and Regulation) Act, 1992. The Court set aside the High Court's order, directing the appellant to deposit Rs. 5,00,000/- as directed by the Appellate Authority within two months. Failure to comply would result in the appellate orders standing quashed, and the appeals being heard on merits afresh. en-us Mon, 21 Feb 2011 00:00:00 +0530 Tue, 15 May 2012 12:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203556 The Supreme Court allowed the appeals, emphasizing the Appellate Authority's discretion in dispensing with pre-deposit requirements for penalty appeals under the Foreign Trade (Development and Regulation) Act, 1992. The Court set aside the High Court's order, directing the appellant to deposit Rs. 5,00,000/- as directed by the Appellate Authority within two months. Failure to comply would result in the appellate orders standing quashed, and the appeals being heard on merits afresh. Case-Laws FEMA Mon, 21 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203556