https://www.taxtmi.com/caselaws?id=344686 The High Court upheld the penalties imposed by the Special Director of Enforcement, Delhi, on a company and its Managing Director under Section 13 of FEMA. The penalties were reinstated as the company was found to be in violation of FEMA for not taking necessary steps to realize and repatriate foreign exchange. The Court dismissed the company's petition seeking a refund of the pre-deposited penalty amount, emphasizing non-compliance with FEMA provisions. en-us Tue, 18 Apr 2017 00:00:00 +0530 Thu, 28 Dec 2017 15:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344686 The High Court upheld the penalties imposed by the Special Director of Enforcement, Delhi, on a company and its Managing Director under Section 13 of FEMA. The penalties were reinstated as the company was found to be in violation of FEMA for not taking necessary steps to realize and repatriate foreign exchange. The Court dismissed the company's petition seeking a refund of the pre-deposited penalty amount, emphasizing non-compliance with FEMA provisions. Case-Laws FEMA Tue, 18 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344686