2008 (7) TMI 1111

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....f the Appellate Tribunal for Foreign Exchange is delivered by Sh R.N Poddar, Member. 2. This appeal is directed against adjudication order No. ADJ/71 to 78/AD/KPD/1225/BAM dated 27.1.04 passed by Assistant 32000 on the appellant for the reason of acquisition of foreign exchange and otherwise transferring the same without special in general permission of RBI and also receiving payment locally in....

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....sed 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 * * * Provided further that where the Appellate Board is of opinion that the deposit to be made will cause undue hardship to the appellant, it may, in its own discretion, dispense with such a dep....