https://www.taxtmi.com/caselaws?id=457478 The pre-deposit requirement under foreign exchange law was treated as mandatory, subject only to dispensation for undue hardship. Because the appellant did not comply with the Tribunal's earlier order, made no deposit even in part, and instead sought recall and instalments, the statutory condition was not satisfied. The clear wording of the deposit provision left no scope for equitable relaxation in the absence of compliance. The appeal was therefore liable to be dismissed for non-compliance with the pre-deposit condition. en-us Mon, 28 Jul 2008 00:00:00 +0530 Fri, 20 Sep 2024 14:16:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457478 The pre-deposit requirement under foreign exchange law was treated as mandatory, subject only to dispensation for undue hardship. Because the appellant did not comply with the Tribunal's earlier order, made no deposit even in part, and instead sought recall and instalments, the statutory condition was not satisfied. The clear wording of the deposit provision left no scope for equitable relaxation in the absence of compliance. The appeal was therefore liable to be dismissed for non-compliance with the pre-deposit condition. Case-Laws FEMA Mon, 28 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457478