https://www.taxtmi.com/caselaws?id=457905 The appeal partially succeeded, with the Chairman overturning the contravention charge under section 9(1)(b) and the confiscation of Rs. 3,50,000. However, the contravention of section 9(1)(d) was upheld for a specific amount, and the penalty for section 8(1) was sustained. The appellant must pay the sustained penalty from the confiscated amount, with the balance refunded within a specified timeframe. en-us Fri, 29 Dec 1995 00:00:00 +0530 Mon, 30 Sep 2024 16:19:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457905 The appeal partially succeeded, with the Chairman overturning the contravention charge under section 9(1)(b) and the confiscation of Rs. 3,50,000. However, the contravention of section 9(1)(d) was upheld for a specific amount, and the penalty for section 8(1) was sustained. The appellant must pay the sustained penalty from the confiscated amount, with the balance refunded within a specified timeframe. Case-Laws FEMA Fri, 29 Dec 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457905