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2009 (5) TMI 535 - HIGH COURT OF BOMBAYPenalty imposed for failure to furnish evidentiary proof of utilisation of foreign exchange remitted and for contravention of section 8(3) and 8(4) of Foreign Exchange Regulation Act, 1973 (FERA) Held that:- As due opportunity was not given to the appellant to defend itself. Therefore, it would be in the interest of justice to set aside the impugned orders passed by the authorities below and to remand the matter back to the respondent No. 2 to hear the appellant on show-cause notice afresh after giving due opportunity of hearing and producing necessary documents in support of its contentions. Appeal allowed.
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