https://www.taxtmi.com/caselaws?id=457688 The appellate authority allowed the appeals, setting aside the impugned findings and penalty orders under FERA, 1973. The appellants successfully argued that they had taken reasonable steps to realize export proceeds, and the adjudicating officer's failure to consider all relevant correspondence constituted a denial of natural justice. Consequently, the penalties were revoked. en-us Thu, 20 May 2004 00:00:00 +0530 Wed, 25 Sep 2024 18:44:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457688 The appellate authority allowed the appeals, setting aside the impugned findings and penalty orders under FERA, 1973. The appellants successfully argued that they had taken reasonable steps to realize export proceeds, and the adjudicating officer's failure to consider all relevant correspondence constituted a denial of natural justice. Consequently, the penalties were revoked. Case-Laws FEMA Thu, 20 May 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457688