https://www.taxtmi.com/caselaws?id=350960 The Tribunal dismissed the revision petition challenging the penalty imposed under the Foreign Exchange Management Act, 1999, as it found the petition not maintainable. The respondent had already paid the penalty, and no further action was taken against them. The Tribunal emphasized the necessity of adhering to procedural requirements and conducting inquiries as prescribed by the Act for proper penalty imposition. en-us Mon, 13 Nov 2017 00:00:00 +0530 Thu, 16 Nov 2017 08:48:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350960 The Tribunal dismissed the revision petition challenging the penalty imposed under the Foreign Exchange Management Act, 1999, as it found the petition not maintainable. The respondent had already paid the penalty, and no further action was taken against them. The Tribunal emphasized the necessity of adhering to procedural requirements and conducting inquiries as prescribed by the Act for proper penalty imposition. Case-Laws FEMA Mon, 13 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350960