1999 (6) TMI 488

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....l is directed against the Adjudication order No. AD/BAN/30 of 1995 dated 12-7-1995 under which a penalty of Rs. 15,000 is imposed on the appellant for contravention of the provisions of section 9(1)(b) of the Foreign Exchange Regulation Act, 1973 ('the Act'). The facts in brief are that while investigating against one Shri Syedullah Sheriff, the Enforcement Directorate took notice of a fact rec....

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....dullah Sheriff on 27-3-1993 and (3) statement dated 27-3-1993 of Syedullah Sheriff. 2. A written reply to the show-cause notice was filed through the advocate of the appellant where issues with regard to the burden of proof on enforcement directorate and reliance upon the admission of the appellant are raised. After going through the written reply and not satisfied with it, the learned....