Case Laws
Acts
Notifications
Circulars
Classification
Forms
Manuals
Articles
News
D. Forum
Highlights
Notes
🚨 Important Update for Our Users
We are transitioning to our new and improved portal - www.taxtmi.com - for a better experience.
⚠️ This portal will be fully migrated on 31-July-2025 at 23:59:59
After this date, all services will be available exclusively on our new platform.
If you encounter any issues or problems while using the new portal,
please let us know
via our feedback form
, with specific details, so we can address them promptly.
Home
The Appellate Tribunal for Foreign Exchange in New Delhi overturned a penalty of Rs. 18,10,000 imposed on the appellant for violating the Foreign Exchange Regulation Act, 1973. The appellant had deposited Rs. 1,81,000 as pre-deposit. The Tribunal found that the appellant did not receive the necessary communications due to incorrect address, and remanded the case for fresh adjudication. The pre-deposited amount should be refunded, and the matter must be resolved within 90 days.
|