https://www.taxtmi.com/caselaws?id=457945 The Tribunal allowed the appeal, setting aside the Adjudication Order that imposed a Rs. 6 lakhs penalty for alleged non-realization of export proceeds. The Tribunal found factual inaccuracies in the order, noting discrepancies in the Adjudicating Officer's findings. Evidence from the appellant's bank confirmed complete realization of the export proceeds, leading to the conclusion that the charge was unsubstantiated. Consequently, the penalty was annulled, and the Tribunal ruled in favor of the appellant, dismissing the allegations of non-realization. en-us Mon, 20 Nov 1995 00:00:00 +0530 Tue, 01 Oct 2024 18:17:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457945 The Tribunal allowed the appeal, setting aside the Adjudication Order that imposed a Rs. 6 lakhs penalty for alleged non-realization of export proceeds. The Tribunal found factual inaccuracies in the order, noting discrepancies in the Adjudicating Officer's findings. Evidence from the appellant's bank confirmed complete realization of the export proceeds, leading to the conclusion that the charge was unsubstantiated. Consequently, the penalty was annulled, and the Tribunal ruled in favor of the appellant, dismissing the allegations of non-realization. Case-Laws FEMA Mon, 20 Nov 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457945