https://www.taxtmi.com/caselaws?id=457852 The Board partly allowed the appeals, substituting legal representatives for the deceased appellant. It set aside some contravention findings under the Foreign Exchange Regulation Act, 1973, and significantly reduced penalties, acknowledging the technical nature of the contraventions and absence of foreign exchange loss. Revised penalties were imposed, payable within a specified timeframe. en-us Mon, 18 Nov 1996 00:00:00 +0530 Sun, 29 Sep 2024 16:20:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457852 The Board partly allowed the appeals, substituting legal representatives for the deceased appellant. It set aside some contravention findings under the Foreign Exchange Regulation Act, 1973, and significantly reduced penalties, acknowledging the technical nature of the contraventions and absence of foreign exchange loss. Revised penalties were imposed, payable within a specified timeframe. Case-Laws FEMA Mon, 18 Nov 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457852