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2005 (10) TMI 615
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....e Appellate Tribunal has been delivered by Shri R.N. Poddar, Member. 2. By this appeal the appellant has challenged the adjudication order No. AD/MAS/52/90(SV), dated 26-3-1990 passed by the Asstt. Director, Enforcement Directorate whereby a penalty of Rs. 2,000 has been imposed on the appellant for contravention of provision of section 8(1) read with section 71(3) of FERA, 1973 (hereinafter re....
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....eply on 24-1-1990 controverting the allegations contained in the said SCN. Not agreeing the adjudication proceeding was held. At the close of the investigation the appellant was found guilty of contravention of section 8(1) of the Act, penalty was imposed and seized foreign currency was confiscated. Being aggrieved this appeal has been filed. 5. The appellant failed to appear at the time of hea....
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....Panchanama drawn in front of the Panchas. The panchanama shows that two notes in denomination of 500 UAE Dhirams each were recovered from the appellant and also seized these notes in the presence of the Panchas. Thereafter the matter was transferred to the Enforcement Directorate and the copy of the panchanama, seized foreign currency and FIR dated 4-11-1987 also handed over to the Enforcement Dir....