https://www.taxtmi.com/caselaws?id=457758 The Appellate Tribunal for Foreign Exchange, New Delhi, denied an adjournment request and proceeded with the appeal concerning contraventions of sections 9(1)(b) and 9(1)(d) of the Foreign Exchange Regulation Act, 1973. The Tribunal acquitted the appellant of section 9(1)(b) due to insufficient evidence but upheld the section 9(1)(d) contravention, reducing the penalty from Rs. 1,200 to Rs. 1,000. The penalty was adjusted against the appellant's pre-deposit. The appeal was partially allowed, with a detailed examination of the legal provisions and evidence presented. en-us Mon, 25 Jun 2001 00:00:00 +0530 Thu, 26 Sep 2024 18:51:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457758 The Appellate Tribunal for Foreign Exchange, New Delhi, denied an adjournment request and proceeded with the appeal concerning contraventions of sections 9(1)(b) and 9(1)(d) of the Foreign Exchange Regulation Act, 1973. The Tribunal acquitted the appellant of section 9(1)(b) due to insufficient evidence but upheld the section 9(1)(d) contravention, reducing the penalty from Rs. 1,200 to Rs. 1,000. The penalty was adjusted against the appellant's pre-deposit. The appeal was partially allowed, with a detailed examination of the legal provisions and evidence presented. Case-Laws FEMA Mon, 25 Jun 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457758