https://www.taxtmi.com/caselaws?id=457845 Where write-off applications concerning outstanding export proceeds were still pending before the RBI, adjudication for non-realisation of those proceeds was premature and the penalty could not be sustained at that stage. The impugned order was set aside, with liberty to initiate fresh proceedings after the RBI decides the applications. en-us Tue, 02 Dec 1997 00:00:00 +0530 Sun, 29 Sep 2024 16:20:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457845 Where write-off applications concerning outstanding export proceeds were still pending before the RBI, adjudication for non-realisation of those proceeds was premature and the penalty could not be sustained at that stage. The impugned order was set aside, with liberty to initiate fresh proceedings after the RBI decides the applications. Case-Laws FEMA Tue, 02 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457845