https://www.taxtmi.com/caselaws?id=457485 An appeal under the Foreign Exchange Regulation Act, 1973 was subject to a mandatory pre-deposit of the penalty amount unless the Tribunal granted waiver for undue hardship. The appellant failed to comply with the conditional order granting time for deposit and also did not appear to explain the default. The Tribunal stated that it could not ignore the consequence attached to non-compliance or rewrite the statutory requirement on equitable grounds, and treated the breach as fatal to maintainability. The appeal was therefore liable to be dismissed for failure to satisfy the pre-deposit condition. en-us Fri, 18 Jul 2008 00:00:00 +0530 Fri, 20 Sep 2024 16:02:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457485 An appeal under the Foreign Exchange Regulation Act, 1973 was subject to a mandatory pre-deposit of the penalty amount unless the Tribunal granted waiver for undue hardship. The appellant failed to comply with the conditional order granting time for deposit and also did not appear to explain the default. The Tribunal stated that it could not ignore the consequence attached to non-compliance or rewrite the statutory requirement on equitable grounds, and treated the breach as fatal to maintainability. The appeal was therefore liable to be dismissed for failure to satisfy the pre-deposit condition. Case-Laws FEMA Fri, 18 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457485