https://www.taxtmi.com/caselaws?id=457731 The Appellate Tribunal for Foreign Exchange in New Delhi allowed the appeal, setting aside the penalty imposed on the appellant for alleged FERA violations. The Tribunal found the evidence insufficient and vague, lacking proper verification and specific findings on the main charge. Consequently, the Rs. 15,000 penalty was ordered to be refunded to the appellant within three months. en-us Tue, 01 Oct 2002 00:00:00 +0530 Thu, 26 Sep 2024 16:42:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457731 The Appellate Tribunal for Foreign Exchange in New Delhi allowed the appeal, setting aside the penalty imposed on the appellant for alleged FERA violations. The Tribunal found the evidence insufficient and vague, lacking proper verification and specific findings on the main charge. Consequently, the Rs. 15,000 penalty was ordered to be refunded to the appellant within three months. Case-Laws FEMA Tue, 01 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457731