https://www.taxtmi.com/caselaws?id=457663 Revisional jurisdiction under section 19(6) of FEMA is an exceptional power to be exercised sparingly and within a reasonable time, so a revision filed after about nine months without explanation was treated as barred by delay and laches. On the merits, section 18(2) of FERA requires an exporter to take reasonably effective steps to secure repatriation of export proceeds, and the presumption under section 18(3) may be rebutted by proof of such steps. Where the adjudicating authority found that the exporter had taken steps and non-realisation resulted from factors beyond control, revisional interference was unwarranted because the authority cannot reappreciate evidence absent manifest illegality or gross miscarriage of justice. en-us Fri, 09 Sep 2005 00:00:00 +0530 Wed, 25 Sep 2024 14:05:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457663 Revisional jurisdiction under section 19(6) of FEMA is an exceptional power to be exercised sparingly and within a reasonable time, so a revision filed after about nine months without explanation was treated as barred by delay and laches. On the merits, section 18(2) of FERA requires an exporter to take reasonably effective steps to secure repatriation of export proceeds, and the presumption under section 18(3) may be rebutted by proof of such steps. Where the adjudicating authority found that the exporter had taken steps and non-realisation resulted from factors beyond control, revisional interference was unwarranted because the authority cannot reappreciate evidence absent manifest illegality or gross miscarriage of justice. Case-Laws FEMA Fri, 09 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457663