https://www.taxtmi.com/caselaws?id=459803 The Tribunal upheld the adjudication order No. AO/178 of 1989, which imposed a penalty of Rs. 7,500 on the appellant for violating section 9(1)(b) of the Foreign Exchange Regulation Act, 1973. The appellant admitted to the contravention but argued it was a technicality and a solitary instance. Despite pleas for leniency, the Tribunal found the penalty appropriate and dismissed the appeal. If the penalty was already paid, it would be considered settled; otherwise, the respondents could recover the amount after 45 days. en-us Wed, 09 Feb 2000 00:00:00 +0530 Sat, 28 Dec 2024 10:43:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459803 The Tribunal upheld the adjudication order No. AO/178 of 1989, which imposed a penalty of Rs. 7,500 on the appellant for violating section 9(1)(b) of the Foreign Exchange Regulation Act, 1973. The appellant admitted to the contravention but argued it was a technicality and a solitary instance. Despite pleas for leniency, the Tribunal found the penalty appropriate and dismissed the appeal. If the penalty was already paid, it would be considered settled; otherwise, the respondents could recover the amount after 45 days. Case-Laws FEMA Wed, 09 Feb 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459803