https://www.taxtmi.com/caselaws?id=457553 A saving clause in a repealing statute can preserve the operation of the repealed enactment for pending or related proceedings, including the appellate remedy and limitation scheme. Here, proceedings arising from a penalty under the Foreign Exchange Regulation Act, 1973 continued to be governed by that Act despite the Foreign Exchange Management Act, 1999, because section 49 preserved offences and connected remedies. The appeal was therefore subject to section 52(2) of the repealed Act, which allowed filing within 45 days and condonation only up to 90 days on sufficient cause. An appeal filed after 90 days could not be entertained because the appellate forum had no power to condone delay beyond that statutory maximum. en-us Fri, 28 Dec 2007 00:00:00 +0530 Mon, 23 Sep 2024 14:56:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457553 A saving clause in a repealing statute can preserve the operation of the repealed enactment for pending or related proceedings, including the appellate remedy and limitation scheme. Here, proceedings arising from a penalty under the Foreign Exchange Regulation Act, 1973 continued to be governed by that Act despite the Foreign Exchange Management Act, 1999, because section 49 preserved offences and connected remedies. The appeal was therefore subject to section 52(2) of the repealed Act, which allowed filing within 45 days and condonation only up to 90 days on sufficient cause. An appeal filed after 90 days could not be entertained because the appellate forum had no power to condone delay beyond that statutory maximum. Case-Laws FEMA Fri, 28 Dec 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457553