https://www.taxtmi.com/caselaws?id=778270 A tribunal had directed a reduced pre-deposit of 10% of the penalty under the second proviso to Section 19(1) of the Foreign Exchange Management Act, but the appellants failed to pay the ordered amount within the six week period, did not seek an extension, and produced no higher forum stay. The statutory pre deposit obligation, subject only to the tribunal's discretion to relax it on undue hardship, is a mandatory condition precedent to maintain the appeal; as a result, the appeals were dismissed for non compliance with the deposit direction. en-us Thu, 28 Aug 2025 00:00:00 +0530 Tue, 10 Feb 2026 14:26:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778270 A tribunal had directed a reduced pre-deposit of 10% of the penalty under the second proviso to Section 19(1) of the Foreign Exchange Management Act, but the appellants failed to pay the ordered amount within the six week period, did not seek an extension, and produced no higher forum stay. The statutory pre deposit obligation, subject only to the tribunal's discretion to relax it on undue hardship, is a mandatory condition precedent to maintain the appeal; as a result, the appeals were dismissed for non compliance with the deposit direction. Case-Laws FEMA Thu, 28 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778270