https://www.taxtmi.com/caselaws?id=376802 The tribunal found both the Varanasi branch and the zonal manager guilty of contravening FEMA provisions. Despite reducing the penalties initially imposed, the tribunal held the appellants liable for penalties under FEMA, 1999 due to unauthorized foreign exchange dealings by the Varanasi branch and the zonal manager's involvement in the transaction. en-us Wed, 06 Mar 2019 00:00:00 +0530 Sat, 16 Mar 2019 16:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376802 The tribunal found both the Varanasi branch and the zonal manager guilty of contravening FEMA provisions. Despite reducing the penalties initially imposed, the tribunal held the appellants liable for penalties under FEMA, 1999 due to unauthorized foreign exchange dealings by the Varanasi branch and the zonal manager's involvement in the transaction. Case-Laws FEMA Wed, 06 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376802