https://www.taxtmi.com/caselaws?id=279764 The appeals were allowed, the impugned order was set aside, and the case was remanded for fresh adjudication. The judge waived the requirement of pre-deposit for penalties imposed, citing undue hardship to the appellants. It was emphasized that the department must prove contravention of section 18(2) by demonstrating the absence of extensions or indulgences by the RBI. Non-realization of export proceeds is not punishable if reasonable steps were taken for realization. The case highlighted evidentiary requirements and the exporter's obligations under the Act. en-us Mon, 23 Dec 1996 00:00:00 +0530 Thu, 04 Apr 2019 15:37:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279764 The appeals were allowed, the impugned order was set aside, and the case was remanded for fresh adjudication. The judge waived the requirement of pre-deposit for penalties imposed, citing undue hardship to the appellants. It was emphasized that the department must prove contravention of section 18(2) by demonstrating the absence of extensions or indulgences by the RBI. Non-realization of export proceeds is not punishable if reasonable steps were taken for realization. The case highlighted evidentiary requirements and the exporter's obligations under the Act. Case-Laws FEMA Mon, 23 Dec 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279764