https://www.taxtmi.com/caselaws?id=457488 An appeal against a penalty order under the Foreign Exchange Regulation Act, 1973 remained subject to the statutory pre-deposit requirement under section 52(2), unless dispensation was granted for sufficient cause and undue hardship. The Tribunal had already allowed partial dispensation by directing deposit of 80% of the penalty, but the appellant failed to comply with that direction and showed no sufficient ground for default. As the statutory condition for entertaining the appeal was not fulfilled, the appeal was held not maintainable and liable to dismissal for non-compliance with the pre-deposit order. en-us Tue, 15 Jul 2008 00:00:00 +0530 Fri, 20 Sep 2024 16:02:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457488 An appeal against a penalty order under the Foreign Exchange Regulation Act, 1973 remained subject to the statutory pre-deposit requirement under section 52(2), unless dispensation was granted for sufficient cause and undue hardship. The Tribunal had already allowed partial dispensation by directing deposit of 80% of the penalty, but the appellant failed to comply with that direction and showed no sufficient ground for default. As the statutory condition for entertaining the appeal was not fulfilled, the appeal was held not maintainable and liable to dismissal for non-compliance with the pre-deposit order. Case-Laws FEMA Tue, 15 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457488