https://www.taxtmi.com/caselaws?id=777038 The AT dismissed the appeal seeking enhancement of penalty under s.19(1) of FEMA, upholding the Adjudicating Authority's imposition of a lenient penalty for failure to realize export proceeds and contravention of s.8 and reg.3/42(1) of FEMA/Regulations. The tribunal found the Adjudicating Authority had objectively evaluated evidence, considered mitigating circumstances, and lawfully exercised discretion (statutory maximum up to three times the sum involved). No basis existed to interfere, so the enhancement request was refused. en-us Wed, 06 Aug 2025 00:00:00 +0530 Thu, 21 Aug 2025 11:22:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777038 The AT dismissed the appeal seeking enhancement of penalty under s.19(1) of FEMA, upholding the Adjudicating Authority's imposition of a lenient penalty for failure to realize export proceeds and contravention of s.8 and reg.3/42(1) of FEMA/Regulations. The tribunal found the Adjudicating Authority had objectively evaluated evidence, considered mitigating circumstances, and lawfully exercised discretion (statutory maximum up to three times the sum involved). No basis existed to interfere, so the enhancement request was refused. Case-Laws FEMA Wed, 06 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777038