https://www.taxtmi.com/caselaws?id=457921 A penal adjudication under the Foreign Exchange Regulation Act must be initiated and pursued within a reasonable period even where no express limitation period is prescribed; a delay of more than nine years was treated as unfair and fatal to the penalty. The text also states that where the alleged breach was technical or trivial, the related charge had already been dropped for want of mala fide intention, and the conduct did not show conscious or deliberate wrongdoing, penalty was unwarranted. The consequence noted is that the penalty order was set aside and the amount deposited was refundable. en-us Wed, 02 Aug 1995 00:00:00 +0530 Mon, 30 Sep 2024 20:24:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457921 A penal adjudication under the Foreign Exchange Regulation Act must be initiated and pursued within a reasonable period even where no express limitation period is prescribed; a delay of more than nine years was treated as unfair and fatal to the penalty. The text also states that where the alleged breach was technical or trivial, the related charge had already been dropped for want of mala fide intention, and the conduct did not show conscious or deliberate wrongdoing, penalty was unwarranted. The consequence noted is that the penalty order was set aside and the amount deposited was refundable. Case-Laws FEMA Wed, 02 Aug 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457921