https://www.taxtmi.com/caselaws?id=386172 The Tribunal partly allowed the appeals, setting aside the confiscation order and enhancing the penalty to Rs. 50 lakhs. The decision emphasized the importance of following principles of natural justice, the discretionary nature of confiscation under Section 13(2) of FEMA, and the need to consider ex-post facto permissions from RBI. The Tribunal underscored the necessity of a fair and just adjudication process, respecting the rights of the parties involved. en-us Thu, 12 Sep 2019 00:00:00 +0530 Tue, 24 Sep 2019 07:03:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386172 The Tribunal partly allowed the appeals, setting aside the confiscation order and enhancing the penalty to Rs. 50 lakhs. The decision emphasized the importance of following principles of natural justice, the discretionary nature of confiscation under Section 13(2) of FEMA, and the need to consider ex-post facto permissions from RBI. The Tribunal underscored the necessity of a fair and just adjudication process, respecting the rights of the parties involved. Case-Laws FEMA Thu, 12 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386172