https://www.taxtmi.com/highlights?id=72433 Stay of demand / pre-deposit - Levy of penalty - Contravention of Section 18(2) of FERA - failure to realize export proceeds - Appellant contended that the order of the Tribunal has not taken note of the undue hardship that faces the appellant, and ought to have waived the pre-deposit. - The Tribunal has, in waiving 60% of the penalty, and directing deposit of only 40%, taken note of all contentions of the Appellant, including the hardship projected. - Appeal dismissed - HC en-us Mon, 09 Oct 2023 08:41:20 +0530 Mon, 09 Oct 2023 08:41:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=72433 Stay of demand / pre-deposit - Levy of penalty - Contravention of Section 18(2) of FERA - failure to realize export proceeds - Appellant contended that the order of the Tribunal has not taken note of the undue hardship that faces the appellant, and ought to have waived the pre-deposit. - The Tribunal has, in waiving 60% of the penalty, and directing deposit of only 40%, taken note of all contentions of the Appellant, including the hardship projected. - Appeal dismissed - HC Highlights FEMA Mon, 09 Oct 2023 08:41:20 +0530 https://www.taxtmi.com/highlights?id=72433