2000 (2) TMI 889

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....M of 1989) under which a penalty of Rs. 7,500 has been imposed on the appellant for contravention of section 9(1)(b) of the Foreign Exchange Regulation Act, 1973 ('the Act'). 2. A perusal of the memorandum of appeal discloses that the appellant has not denied the allegation that he received an amount of Rs. 30,000 from his brother, Shri Madhavan, a resident outside India, in the manner violative ....

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....cal, necessitated by the occasion; that this was the only occasion that the appellant had received money in violation of the Act; that the appellant is a sick man and leading a hard life. In the circumstances, the appellant has prayed for setting aside the penalty. 5. It would be seen from the impugned order that the learned Adjudicating Officer has taken note of the facts and circumstances of th....