https://www.taxtmi.com/caselaws?id=381559 The Tribunal allowed the appeals, setting aside the impugned order and penalties imposed on the directors. It emphasized that contraventions under FERA could not be pursued under FEMA after the sunset period. The Tribunal ordered the refund of the pre-deposit amount to the appellants and disposed of all pending applications. en-us Tue, 11 Jun 2019 00:00:00 +0530 Fri, 14 Jun 2019 07:32:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381559 The Tribunal allowed the appeals, setting aside the impugned order and penalties imposed on the directors. It emphasized that contraventions under FERA could not be pursued under FEMA after the sunset period. The Tribunal ordered the refund of the pre-deposit amount to the appellants and disposed of all pending applications. Case-Laws FEMA Tue, 11 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381559