https://www.taxtmi.com/caselaws?id=314504 The judgment required appellants to deposit penalties under Sections 9(1)(a) and 9(1)(c) of the Foreign Exchange Regulation Act, 1973, within four weeks. If appeals succeed, the Enforcement Directorate must refund the amount with 12% interest. The bank guarantee will be returned upon deposit. Non-compliance results in appeal dismissal. Appeals were disposed of per these directives. en-us Wed, 19 Mar 2014 00:00:00 +0530 Sat, 15 Jun 2024 08:23:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314504 The judgment required appellants to deposit penalties under Sections 9(1)(a) and 9(1)(c) of the Foreign Exchange Regulation Act, 1973, within four weeks. If appeals succeed, the Enforcement Directorate must refund the amount with 12% interest. The bank guarantee will be returned upon deposit. Non-compliance results in appeal dismissal. Appeals were disposed of per these directives. Case-Laws FEMA Wed, 19 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314504