https://www.taxtmi.com/caselaws?id=457966 The tribunal dismissed the appeal but reduced the penalty from Rs. 12,500 to Rs. 7,500. This decision considered the appellant's violations of section 9(1)(b) and section 9(1)(d) of the Foreign Exchange Regulation Act, 1973, the reliability of the confessional statement, and the appellant's personal circumstances, including financial constraints and occupation. en-us Fri, 30 Oct 1992 00:00:00 +0530 Tue, 01 Oct 2024 18:17:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457966 The tribunal dismissed the appeal but reduced the penalty from Rs. 12,500 to Rs. 7,500. This decision considered the appellant's violations of section 9(1)(b) and section 9(1)(d) of the Foreign Exchange Regulation Act, 1973, the reliability of the confessional statement, and the appellant's personal circumstances, including financial constraints and occupation. Case-Laws FEMA Fri, 30 Oct 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457966