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2017 (11) TMI 839

Head Note / Extract:
Revision petition u/s 19(6) of FEMA against the order of penalty - contentions of the respondent is that revision petition filed by the revisionist is not maintainable as there is no specific provision in the Act - Held that:- As gone through provisions of section 16 which provides for appointment of Central Government Officers as at Adjudicating Authority for holding an inquiry for the purpose of imposing any penalty against the respondent. As informed that after passing the impugned order no complaint against the respondent was filed against the order passed by the Adjudicating Authority who has imposed the penalty nor any inquiry is conducted in this regard under section 16 of the Act as provided under sub-section 6 of section 19.

Under these circumstances, there is a force in the submissions of learned counsel for the respondent that the revision petition filed by the appellant is not maintainable. The penalty amount as per impugned order has been deposited by the respondent. Thus revision petition is accordingly dismissed.

 


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