https://www.taxtmi.com/caselaws?id=457721 The Appellate Tribunal affirmed the guilty verdict against the appellant for breaching FERA SSSS 8(1) and 8(2). A penalty of Rs. 55,000 was imposed, and Rs. 1,56,000 of the confiscated Rs. 3,56,000 was ordered to be returned after penalty adjustment. The complete confiscation of Indian currency was found unjustified. en-us Mon, 05 May 2003 00:00:00 +0530 Thu, 26 Sep 2024 16:42:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457721 The Appellate Tribunal affirmed the guilty verdict against the appellant for breaching FERA SSSS 8(1) and 8(2). A penalty of Rs. 55,000 was imposed, and Rs. 1,56,000 of the confiscated Rs. 3,56,000 was ordered to be returned after penalty adjustment. The complete confiscation of Indian currency was found unjustified. Case-Laws FEMA Mon, 05 May 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457721