https://www.taxtmi.com/caselaws?id=458036 Under the second proviso to Section 19(1) of FEMA, waiver of pre-deposit depends on a prima facie case, undue hardship and protection of revenue through suitable conditions. The Tribunal found that the appellants raised arguable points and showed some loss, but the material did not justify complete waiver at the interlocutory stage. As recovery had to be secured, full dispensation was declined and conditional relief was granted by requiring deposit of 30% of the penalty and a bank guarantee for the balance. en-us Wed, 11 Dec 2013 00:00:00 +0530 Fri, 04 Oct 2024 14:30:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458036 Under the second proviso to Section 19(1) of FEMA, waiver of pre-deposit depends on a prima facie case, undue hardship and protection of revenue through suitable conditions. The Tribunal found that the appellants raised arguable points and showed some loss, but the material did not justify complete waiver at the interlocutory stage. As recovery had to be secured, full dispensation was declined and conditional relief was granted by requiring deposit of 30% of the penalty and a bank guarantee for the balance. Case-Laws FEMA Wed, 11 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458036