https://www.taxtmi.com/caselaws?id=457798 Penalty for non-realisation of export proceeds was found unwarranted where the outstanding amount was realised during the pendency of the appeal and the appellant had shown pursuit of recovery. On the facts brought on record, the default stood cured by actual receipt of the export proceeds, so the basis for continuing the penalty no longer remained compelling. The penalty was accordingly set aside. en-us Wed, 13 Jun 2001 00:00:00 +0530 Fri, 27 Sep 2024 15:36:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457798 Penalty for non-realisation of export proceeds was found unwarranted where the outstanding amount was realised during the pendency of the appeal and the appellant had shown pursuit of recovery. On the facts brought on record, the default stood cured by actual receipt of the export proceeds, so the basis for continuing the penalty no longer remained compelling. The penalty was accordingly set aside. Case-Laws FEMA Wed, 13 Jun 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457798