https://www.taxtmi.com/caselaws?id=457689 The appeals concerning violations of the Foreign Exchange Regulation Act, 1973, were resolved with the Adjudicating Officer confirming contraventions by the appellants. The penalties for Teja Singh were reduced by 50% due to their disproportionate nature, while those for Dilip Kundu were upheld. The decision underscored the necessity for clear evidence and proportionate penalties in quasi-criminal proceedings. en-us Thu, 01 Apr 2004 00:00:00 +0530 Wed, 25 Sep 2024 18:44:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457689 The appeals concerning violations of the Foreign Exchange Regulation Act, 1973, were resolved with the Adjudicating Officer confirming contraventions by the appellants. The penalties for Teja Singh were reduced by 50% due to their disproportionate nature, while those for Dilip Kundu were upheld. The decision underscored the necessity for clear evidence and proportionate penalties in quasi-criminal proceedings. Case-Laws FEMA Thu, 01 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457689