https://www.taxtmi.com/caselaws?id=457755 The Tribunal set aside the impugned order and allowed the appeal, concluding that the appellant was not guilty of contravening the Foreign Exchange Regulation Act provisions. This decision was based on the RBI's permission to write off the unrealized export proceeds and the appellant's demonstrated efforts to comply with regulatory requirements. The delay in filing the appeal was condoned, and the stay petition was granted, waiving the pre-deposit of the penalty amount. en-us Wed, 27 Jun 2001 00:00:00 +0530 Thu, 26 Sep 2024 17:33:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457755 The Tribunal set aside the impugned order and allowed the appeal, concluding that the appellant was not guilty of contravening the Foreign Exchange Regulation Act provisions. This decision was based on the RBI's permission to write off the unrealized export proceeds and the appellant's demonstrated efforts to comply with regulatory requirements. The delay in filing the appeal was condoned, and the stay petition was granted, waiving the pre-deposit of the penalty amount. Case-Laws FEMA Wed, 27 Jun 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457755