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    <title>NON-REALISATION OF EXPORT PROCEEDS – PENALTY IS CONFIRMED WHERE RESPONSIBILITY WAS PROVED</title>
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    <description>Non-realisation of export proceeds under FEMA attracted adjudication where the exporter had failed to repatriate export earnings arising from consignments shipped between 2000 and 2001. The Tribunal accepted that the outstanding export proceeds were about Rs. 1.8 crore, but found no material showing RBI write-off or sufficient steps to realise the foreign exchange. Mere faxes, telephone calls and personal visits to overseas intermediaries were held inadequate, and there was no evidence of recourse through the Indian Mission, consulate, chambers of commerce or trade bodies.</description>
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      <description>Non-realisation of export proceeds under FEMA attracted adjudication where the exporter had failed to repatriate export earnings arising from consignments shipped between 2000 and 2001. The Tribunal accepted that the outstanding export proceeds were about Rs. 1.8 crore, but found no material showing RBI write-off or sufficient steps to realise the foreign exchange. Mere faxes, telephone calls and personal visits to overseas intermediaries were held inadequate, and there was no evidence of recourse through the Indian Mission, consulate, chambers of commerce or trade bodies.</description>
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