https://www.taxtmi.com/caselaws?id=457950 The tribunal partially allowed the appeal, dismissing contraventions under SCNs II and III, while upholding penalties under SCNs IV and VII. The respondents were ordered to retain Rs. 11,000 as penalty and refund Rs. 37,000 to the appellant within 45 days. Additionally, Sterling lb550 was to be refunded to the appellant, who must sell it to an authorized dealer for the equivalent in Indian currency. en-us Fri, 07 Jan 1994 00:00:00 +0530 Tue, 01 Oct 2024 18:17:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457950 The tribunal partially allowed the appeal, dismissing contraventions under SCNs II and III, while upholding penalties under SCNs IV and VII. The respondents were ordered to retain Rs. 11,000 as penalty and refund Rs. 37,000 to the appellant within 45 days. Additionally, Sterling lb550 was to be refunded to the appellant, who must sell it to an authorized dealer for the equivalent in Indian currency. Case-Laws FEMA Fri, 07 Jan 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457950