https://www.taxtmi.com/caselaws?id=457713 The Appellate Tribunal for Foreign Exchange modified the impugned order, reducing penalties imposed on the appellants and ordering the release of the seized amount. The Tribunal emphasized the importance of considering individual circumstances and mitigating factors in determining penalties, while also highlighting the necessity for a judicious approach in confiscation decisions. en-us Tue, 21 Oct 2003 00:00:00 +0530 Thu, 26 Sep 2024 16:42:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457713 The Appellate Tribunal for Foreign Exchange modified the impugned order, reducing penalties imposed on the appellants and ordering the release of the seized amount. The Tribunal emphasized the importance of considering individual circumstances and mitigating factors in determining penalties, while also highlighting the necessity for a judicious approach in confiscation decisions. Case-Laws FEMA Tue, 21 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457713