https://www.taxtmi.com/caselaws?id=457924 The appellate authority partially allowed the appeal, reducing the penalty to Rs. 20,000 for contravention related to one GRI under SS18(2) of the Foreign Exchange Regulation Act, 1973. The appellant was exonerated from certain charges due to Reserve Bank permissions, and the penalty was adjusted based on sustained contraventions. en-us Mon, 30 Oct 1995 00:00:00 +0530 Mon, 30 Sep 2024 20:24:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457924 The appellate authority partially allowed the appeal, reducing the penalty to Rs. 20,000 for contravention related to one GRI under SS18(2) of the Foreign Exchange Regulation Act, 1973. The appellant was exonerated from certain charges due to Reserve Bank permissions, and the penalty was adjusted based on sustained contraventions. Case-Laws FEMA Mon, 30 Oct 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457924