https://www.taxtmi.com/caselaws?id=457429 Revised petitions under the repealed foreign exchange law were held maintainable before the substituted tribunal because the saving and transfer provisions preserved accrued remedies and pending proceedings. In the absence of an express limitation period, the revisional power had to be exercised within a reasonable time, but the delay was not treated as fatal on the facts. The adjudication exonerating the respondents from abetment was set aside because the earlier authority had not adequately examined their role as clearing agents or the evidence linking them to the main contravenor, and the matter was remanded for fresh adjudication. en-us Tue, 16 Dec 2008 00:00:00 +0530 Thu, 19 Sep 2024 14:11:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457429 Revised petitions under the repealed foreign exchange law were held maintainable before the substituted tribunal because the saving and transfer provisions preserved accrued remedies and pending proceedings. In the absence of an express limitation period, the revisional power had to be exercised within a reasonable time, but the delay was not treated as fatal on the facts. The adjudication exonerating the respondents from abetment was set aside because the earlier authority had not adequately examined their role as clearing agents or the evidence linking them to the main contravenor, and the matter was remanded for fresh adjudication. Case-Laws FEMA Tue, 16 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457429