https://www.taxtmi.com/caselaws?id=457682 The Appellate Tribunal for Foreign Exchange in New Delhi overturned a Rs. 18,10,000 penalty against the appellant for violating the Foreign Exchange Regulation Act, 1973. The Tribunal determined that the appellant did not receive necessary communications due to an incorrect address and remanded the case for fresh adjudication. The Rs. 1,81,000 pre-deposit is to be refunded, and the matter must be resolved within 90 days. en-us Wed, 22 Sep 2004 00:00:00 +0530 Wed, 25 Sep 2024 18:44:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457682 The Appellate Tribunal for Foreign Exchange in New Delhi overturned a Rs. 18,10,000 penalty against the appellant for violating the Foreign Exchange Regulation Act, 1973. The Tribunal determined that the appellant did not receive necessary communications due to an incorrect address and remanded the case for fresh adjudication. The Rs. 1,81,000 pre-deposit is to be refunded, and the matter must be resolved within 90 days. Case-Laws FEMA Wed, 22 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457682