2008 (9) TMI 1044

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....reign Exchange is delivered by Shri R.N. Poddar, Member. 2. This appeal is directed against adjudication order No. ADJ/101-102/AD/AKL/B/98, dated 23-6-1998 passed by Assistant Director, Enforcement Directorate imposing total penalty of Rs. 1 lakh on the appellant besides separate penalties imposed on other co noticees for the reason of receiving and making payment by or under instructions of pe....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... relevant provision of Section 52(2) of the Act reads as under :- "(2) Any person aggrieved by such order may, (on payment of such fee as may be prescribed and) after depositing the sum imposed by way of penalty under section 50 and within forty-five days from the date on which the order is served on the person committing the contravention, prefer an appeal to the Appellate Board. * * ....