https://www.taxtmi.com/caselaws?id=457561 Conditional dispensation from the full pre-deposit requirement under section 52(2) of the Foreign Exchange Regulation Act was made subject to deposit of 10% of the penalty and furnishing of an unconditional bank guarantee within time. The appellants failed to comply with those conditions, did not appear consistently, and showed no bona fide effort to satisfy the order. On that basis, the Tribunal treated the non-compliance as a total violation of its interim direction and held that no equity remained in favour of the appellants, so the appeals were not maintainable and were dismissed. en-us Mon, 12 Feb 2007 00:00:00 +0530 Mon, 23 Sep 2024 17:23:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457561 Conditional dispensation from the full pre-deposit requirement under section 52(2) of the Foreign Exchange Regulation Act was made subject to deposit of 10% of the penalty and furnishing of an unconditional bank guarantee within time. The appellants failed to comply with those conditions, did not appear consistently, and showed no bona fide effort to satisfy the order. On that basis, the Tribunal treated the non-compliance as a total violation of its interim direction and held that no equity remained in favour of the appellants, so the appeals were not maintainable and were dismissed. Case-Laws FEMA Mon, 12 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457561