2008 (9) TMI 1047

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....hange is delivered by R.N. Poddar, Member. 2. These appeals are directed against common adjudication order No. ADJ/6/AD/RK/B/98 dated 5.1.1999 passed by Assistant Director, Enforcement Directorate imposing a penalty of Rs. 30,000 each on the individual appellant i.e. appellant in appeal No. 34/99 and 35/99 and Rs. 25,000 on the appellant company above named for the reason of failure to furnish th....

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....he appellant company acquired foreign exchange in question for imparting training to its officials by M/s Phyllis Trading Co. Ltd. Taiwan. Accordingly they utilized be same by seeking its two officials for training and inspection of machinery to M/s Phyllis Trading Co. Ltd Taiwan for 14 days. Since the visas of two officials were for 15 days only the training had to be completed within the stipula....

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....nt company had sent only of two officials prior to the release of money for 14 days. According to Shri A.C. Sing, Ld. DLA that it is evident from record that two officials reportedly left Mumbai on 18.5.1989 and returned back on 7.6.89. It is further contended by Shri A.C. Singh DLA that there was no confirmation regarding parting of training by said M/s Phyllis Trading Co. Taiwan thus according t....