https://www.taxtmi.com/caselaws?id=343114 The Tribunal confirmed the applicability of FEMA to non-residents and upheld the findings of contraventions under various provisions of FEMA and its regulations. However, it found the penalties imposed to be excessive and reduced them by 30%, thereby modifying the Adjudicating Authority's order. The appellants were directed to pay the reduced penalties within sixty days, with adjustments for any pre-deposits made. en-us Thu, 02 Feb 2017 00:00:00 +0530 Fri, 19 May 2017 07:48:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343114 The Tribunal confirmed the applicability of FEMA to non-residents and upheld the findings of contraventions under various provisions of FEMA and its regulations. However, it found the penalties imposed to be excessive and reduced them by 30%, thereby modifying the Adjudicating Authority's order. The appellants were directed to pay the reduced penalties within sixty days, with adjustments for any pre-deposits made. Case-Laws FEMA Thu, 02 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343114