https://www.taxtmi.com/caselaws?id=457493 Section 52(2) of the Foreign Exchange Regulation Act, 1973 required pre-deposit of the penalty amount before an appeal could be entertained, unless dispensation was justified by undue hardship and a prima facie case. Partial dispensation had already been granted, requiring deposit of 80% of the penalty, but the appellant did not comply despite adequate time. The continued default showed lack of bona fides and left the statutory condition for maintaining the appeal unmet, so the appeal was liable to be dismissed for non-compliance with the pre-deposit order. en-us Mon, 14 Jul 2008 00:00:00 +0530 Fri, 20 Sep 2024 17:12:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457493 Section 52(2) of the Foreign Exchange Regulation Act, 1973 required pre-deposit of the penalty amount before an appeal could be entertained, unless dispensation was justified by undue hardship and a prima facie case. Partial dispensation had already been granted, requiring deposit of 80% of the penalty, but the appellant did not comply despite adequate time. The continued default showed lack of bona fides and left the statutory condition for maintaining the appeal unmet, so the appeal was liable to be dismissed for non-compliance with the pre-deposit order. Case-Laws FEMA Mon, 14 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457493