2008 (7) TMI 1111 - AT - FEMA

Summary

The appeal was dismissed by the Appellate Tribunal for Foreign Exchange, New Delhi due to non-compliance with a conditional judicial order regarding pre-deposit of penalty amount. The appellant failed to comply with the order despite notice, and no bona fide was shown in compliance. The Tribunal stated that legislation cannot be re-casted or re-written due to harsh consequences. The appeal was dismissed for non-compliance with the conditional judicial order.