https://www.taxtmi.com/caselaws?id=459778 The Foreign Exchange Regulation Act, 1973 required an appellant to pre-deposit the penalty amount before an appeal could be entertained under section 52(2), unless the Tribunal dispensed with deposit on being satisfied that undue hardship existed. In a penalty appeal for contravention of section 8(1) and section 8(2), the appellant neither complied with the deposit direction nor appeared to explain the default, and no basis for dispensation was shown. The appeal was dismissed for failure to meet the mandatory pre-deposit condition. en-us Thu, 10 Jul 2008 00:00:00 +0530 Fri, 27 Dec 2024 18:29:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459778 The Foreign Exchange Regulation Act, 1973 required an appellant to pre-deposit the penalty amount before an appeal could be entertained under section 52(2), unless the Tribunal dispensed with deposit on being satisfied that undue hardship existed. In a penalty appeal for contravention of section 8(1) and section 8(2), the appellant neither complied with the deposit direction nor appeared to explain the default, and no basis for dispensation was shown. The appeal was dismissed for failure to meet the mandatory pre-deposit condition. Case-Laws Indian Laws Thu, 10 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459778