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    <title>2012 (11) TMI 971 - DELHI HIGH COURT</title>
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    <description>Appeals from adjudication orders initiated within the saving period after repeal of the Foreign Exchange Regulation Act, 1973 continued to be governed by the repealed Act, not the Foreign Exchange Management Act, 1999, because the repeal and saving clause preserved proceedings already set in motion. The Appellate Tribunal also lacked power to condone delay beyond the statutory maximum of 90 days, since the special appellate provision fixed an outer limit that excluded any further enlargement. On both issues, the challenge failed and the appeals were dismissed.</description>
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    <pubDate>Wed, 09 Feb 2011 00:00:00 +0530</pubDate>
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      <link>https://www.taxtmi.com/caselaws?id=218956</link>
      <description>Appeals from adjudication orders initiated within the saving period after repeal of the Foreign Exchange Regulation Act, 1973 continued to be governed by the repealed Act, not the Foreign Exchange Management Act, 1999, because the repeal and saving clause preserved proceedings already set in motion. The Appellate Tribunal also lacked power to condone delay beyond the statutory maximum of 90 days, since the special appellate provision fixed an outer limit that excluded any further enlargement. On both issues, the challenge failed and the appeals were dismissed.</description>
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      <pubDate>Wed, 09 Feb 2011 00:00:00 +0530</pubDate>
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