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M/s Videocon Industries Ltd. Another Versus State of Maharshtra & Others

Offence punishable under Section 56(1)(i) of the Foreign Exchange Regulation Act, 1973 for the alleged contravention of the provisions of Sections 18(2) and 18(3) of the Act - Held that - The tribunal has arrived at a conclusion that the appellant cannot be held guilty for Section 18(2) read with Section 18(3) of FER Act, 1973 and the advise of the Reserve Bank of India given in its letters dated 21.1.1992 and 18.2.1994 deserve to be accepted as they are totally in consonance with legal provisio....... + More

 

 

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M/s Videocon Industries Ltd. Another Versus State of Maharshtra & Others

 

 

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