https://www.taxtmi.com/caselaws?id=459806 The court allowed the appeal, setting aside the impugned order due to its premature nature, as the adjudicating authority failed to consider relevant evidence of realization of export proceeds. The court emphasized the need for proper inquiry into the evidence and the potential impact of a pending write-off request to the RBI. It directed the respondent to verify the status of the write-off request with the RBI and permitted fresh adjudication proceedings if the write-off was denied. The penalties imposed on the appellant-firm and its partners were not addressed, given the decision to set aside the order. en-us Fri, 30 Jul 1999 00:00:00 +0530 Sat, 28 Dec 2024 11:08:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459806 The court allowed the appeal, setting aside the impugned order due to its premature nature, as the adjudicating authority failed to consider relevant evidence of realization of export proceeds. The court emphasized the need for proper inquiry into the evidence and the potential impact of a pending write-off request to the RBI. It directed the respondent to verify the status of the write-off request with the RBI and permitted fresh adjudication proceedings if the write-off was denied. The penalties imposed on the appellant-firm and its partners were not addressed, given the decision to set aside the order. Case-Laws FEMA Fri, 30 Jul 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459806