2002 (9) TMI 760

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....the consent of the parties, writ petition is taken up for disposal. 2. Petitioner has filed this writ petition, assailing the order dated 20-8-2001, passed by the Appellate Tribunal for Foreign Exchange, disposing of the petitioner's application for dispensation of pre-deposit of penalty under section 52(2) of Foreign Exchange Regulation Act, 1973 (in short FERA). 3. Learned counsel for the ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... would not be binding on the adjudicating authority or the Tribunal. He further submits that the statement of the petitioner recorded under section 40 of the FERA, which is admissible in evidence, clearly brings out petitioner's active involvement in the offence. 5. I have perused the impugned order as well as heard counsel for the parties. It is correct that the findings of the criminal court ....