https://www.taxtmi.com/caselaws?id=457972 The appellate tribunal set aside the confiscation of US $500 in travellers' cheques, finding it unjustified, but upheld the Rs. 500 penalty for contravening section 8(3) of the Foreign Exchange Regulation Act, 1973. The Enforcement Directorate was ordered to convert and refund the confiscated amount to the appellant within two months. The tribunal emphasized the necessity for judicious exercise of discretion in legal adjudications. The appeal was partly allowed, modifying the original adjudication order. en-us Fri, 19 Jun 1992 00:00:00 +0530 Tue, 01 Oct 2024 18:17:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457972 The appellate tribunal set aside the confiscation of US $500 in travellers' cheques, finding it unjustified, but upheld the Rs. 500 penalty for contravening section 8(3) of the Foreign Exchange Regulation Act, 1973. The Enforcement Directorate was ordered to convert and refund the confiscated amount to the appellant within two months. The tribunal emphasized the necessity for judicious exercise of discretion in legal adjudications. The appeal was partly allowed, modifying the original adjudication order. Case-Laws FEMA Fri, 19 Jun 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457972