https://www.taxtmi.com/caselaws?id=374587 The Tribunal allowed both appeals, setting aside the order dated 29th May, 2014. The appellant did not violate Section 4 of FEMA, 1999, as they legally inherited foreign exchange and made efforts to repatriate it to India. The confiscation order was overturned due to lack of a show cause notice, violating principles of natural justice. The Tribunal criticized the excessive penalty imposed and emphasized the appellant's compliance with the law. The appellant was granted the freedom to pursue legal proceedings regarding the foreign exchange held abroad. en-us Wed, 23 Jan 2019 00:00:00 +0530 Tue, 05 Feb 2019 06:13:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374587 The Tribunal allowed both appeals, setting aside the order dated 29th May, 2014. The appellant did not violate Section 4 of FEMA, 1999, as they legally inherited foreign exchange and made efforts to repatriate it to India. The confiscation order was overturned due to lack of a show cause notice, violating principles of natural justice. The Tribunal criticized the excessive penalty imposed and emphasized the appellant's compliance with the law. The appellant was granted the freedom to pursue legal proceedings regarding the foreign exchange held abroad. Case-Laws FEMA Wed, 23 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374587