https://www.taxtmi.com/caselaws?id=457748 The Tribunal set aside the impugned order, allowing the appeals and directing the return of seized foreign currency and penalties deposited by the appellants. The Tribunal emphasized the insufficiency of evidence and lack of specific allegations in the charges, rendering the confiscation and penalties unjustified under the Foreign Exchange Regulation Act, 1973. en-us Wed, 18 Jul 2001 00:00:00 +0530 Thu, 26 Sep 2024 17:19:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457748 The Tribunal set aside the impugned order, allowing the appeals and directing the return of seized foreign currency and penalties deposited by the appellants. The Tribunal emphasized the insufficiency of evidence and lack of specific allegations in the charges, rendering the confiscation and penalties unjustified under the Foreign Exchange Regulation Act, 1973. Case-Laws FEMA Wed, 18 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457748