https://www.taxtmi.com/caselaws?id=239684 Once the Revenue's appeal was dismissed because delay beyond 60 days under Section 35 of the Foreign Exchange Management Act, 1999 could not be condoned under Section 5 of the Limitation Act, 1963, the tribunal's partial relief became enforceable. The retained proceeds of the Indira Vikas Patra, Indian currency and the balance penalty deposit were therefore refundable to the petitioner. Interest was also stated to be payable under Section 42(3) of the Foreign Exchange Regulation Act, 1973, together with costs. en-us Tue, 21 Aug 2012 00:00:00 +0530 Mon, 06 Feb 2017 18:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239684 Once the Revenue's appeal was dismissed because delay beyond 60 days under Section 35 of the Foreign Exchange Management Act, 1999 could not be condoned under Section 5 of the Limitation Act, 1963, the tribunal's partial relief became enforceable. The retained proceeds of the Indira Vikas Patra, Indian currency and the balance penalty deposit were therefore refundable to the petitioner. Interest was also stated to be payable under Section 42(3) of the Foreign Exchange Regulation Act, 1973, together with costs. Case-Laws FEMA Tue, 21 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239684