https://www.taxtmi.com/caselaws?id=457783 A penalty for contravention of section 9(1)(b) of the Foreign Exchange Regulation Act, 1973 was not reduced on the plea of hardship and financial inability because the contravention was admitted and the record did not establish any real inability to pay. The Board noted that the adjudicating authority had already considered the appellant's background, family responsibilities, and other mitigating circumstances while fixing the penalty and while declining confiscation of the seized amount. As those factors had already been taken into account, the request for further reduction was rejected and the original penalty was maintained. en-us Wed, 09 Feb 2000 00:00:00 +0530 Fri, 27 Sep 2024 13:22:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457783 A penalty for contravention of section 9(1)(b) of the Foreign Exchange Regulation Act, 1973 was not reduced on the plea of hardship and financial inability because the contravention was admitted and the record did not establish any real inability to pay. The Board noted that the adjudicating authority had already considered the appellant's background, family responsibilities, and other mitigating circumstances while fixing the penalty and while declining confiscation of the seized amount. As those factors had already been taken into account, the request for further reduction was rejected and the original penalty was maintained. Case-Laws FEMA Wed, 09 Feb 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457783