2003 (9) TMI 829

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.... Gadoo ORDER D.P. Sharma, Chairperson. This appeal along with the dispensation application is directed against the Adjudication Order No. Adj/439/AD(PKB)/B/2002/2895, dated 22-1-2003 whereby the appellant company was found guilty of contravening the provisions of section 8(3) and 8(4) of the Foreign Exchange Regulation Act, 1973 for which a penalty of Rs. 20,40,000 has been imposed on the Appe....

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....nally in response to Call Notices issued during the adjudication proceedings. Thereupon the Adjudicating Officer proceeded against the Appellant ex parte and passed the impugned order, holding the Appellant guilty of the alleged contravention and imposing penalties on the Appellant for this contravention, which is the subject-matter of consideration in this appeal. 3. Shri Mahendra Singh appearin....

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....ling officer had also left the organization and there was none else to attend this matter and hence the reply to the SCN could not be filed and also personal hearing could not be attended. 4. Shri T.K. Gadoo, Deputy Legal Adviser appearing on behalf of the Respondents submitted that the appellant has not furnished confirmation letter from their bankers. In any case the documents annexed to the Me....