https://www.taxtmi.com/caselaws?id=457671 Delay in filing the appeal was condoned because the adjudication had been passed ex parte and service of notice was not satisfactorily shown, so the procedural default was not allowed to defeat substantive justice. On the foreign exchange issue, remittance was used for import of goods and proof of import had been filed with the authorised banker, who confirmed the position; on those facts, compliance with section 8(3) read with section 8(4) of the Foreign Exchange Regulation Act, 1973 was treated as established. The alleged breach was regarded as technical only, no contravention was made out, and the penalty was unsustainable. en-us Fri, 29 Jul 2005 00:00:00 +0530 Wed, 25 Sep 2024 15:20:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457671 Delay in filing the appeal was condoned because the adjudication had been passed ex parte and service of notice was not satisfactorily shown, so the procedural default was not allowed to defeat substantive justice. On the foreign exchange issue, remittance was used for import of goods and proof of import had been filed with the authorised banker, who confirmed the position; on those facts, compliance with section 8(3) read with section 8(4) of the Foreign Exchange Regulation Act, 1973 was treated as established. The alleged breach was regarded as technical only, no contravention was made out, and the penalty was unsustainable. Case-Laws FEMA Fri, 29 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457671