https://www.taxtmi.com/caselaws?id=450819 Section 19 of the Foreign Exchange Management Act, 1999 requires deposit of the penalty amount when an appeal is filed against a penalty order, subject to waiver by the Appellate Tribunal on proof of undue hardship and protective conditions for recovery. The appellants had already exhausted adjudication, pre-deposit proceedings, High Court interference, and a dismissed Special Leave Petition, yet continued to seek review and further appeal. The Court noted concealment of material facts and repeated attempts to reopen matters that had attained finality, and treated the proceedings as an abuse of process, declining any further relief. en-us Mon, 26 Feb 2024 00:00:00 +0530 Wed, 13 Mar 2024 19:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450819 Section 19 of the Foreign Exchange Management Act, 1999 requires deposit of the penalty amount when an appeal is filed against a penalty order, subject to waiver by the Appellate Tribunal on proof of undue hardship and protective conditions for recovery. The appellants had already exhausted adjudication, pre-deposit proceedings, High Court interference, and a dismissed Special Leave Petition, yet continued to seek review and further appeal. The Court noted concealment of material facts and repeated attempts to reopen matters that had attained finality, and treated the proceedings as an abuse of process, declining any further relief. Case-Laws FEMA Mon, 26 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450819