https://www.taxtmi.com/caselaws?id=785992 Alleged contravention of foreign exchange rules for routing import payments outside authorised dealers without prior RBI approval was treated as breach; tribunal applied appellate discretion and proportionality to reduce penalty, noting long delay, partial pre-deposit payment, and practical recovery inability, and directed reduction of penalty to 50% for one appellant while maintaining the penalty for others. The tribunal relied on comparative reasoning with a similar transaction chain involving redirected import payments and held that proportional reduction to the amount already paid was appropriate as a mitigating consequence. en-us Mon, 05 Jan 2026 00:00:00 +0530 Wed, 04 Feb 2026 08:24:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785992 Alleged contravention of foreign exchange rules for routing import payments outside authorised dealers without prior RBI approval was treated as breach; tribunal applied appellate discretion and proportionality to reduce penalty, noting long delay, partial pre-deposit payment, and practical recovery inability, and directed reduction of penalty to 50% for one appellant while maintaining the penalty for others. The tribunal relied on comparative reasoning with a similar transaction chain involving redirected import payments and held that proportional reduction to the amount already paid was appropriate as a mitigating consequence. Case-Laws FEMA Mon, 05 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785992