TMI Blog2011 (3) TMI 1493X X X X Extracts X X X X X X X X Extracts X X X X ..... Justice Subhash Samvatsar, Chairperson, Appellate Tribunal for Foreign Exchange: 2. This judgment shall govern disposal of all the three appeals as they are arising out of common order dated 18-4-1991 passed by Assistant Director, Enforcement Directorate, Agra in Order No. ADJ/30/91/10875 whereby a penalty of Rs. 10,000/- was imposed on N.K. Wasan appellant in appeal No. 253/91, Rs. 50,000/- on ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rs 740 is outstanding. The third invoice is dated 31-8-1989 for US dollars 47629 against which a sum of US dollars 2331.45 was still outstanding. The contention of the appellant is that the appellant has sent their goods to a government organization owned by the government of Hungary. After retiring the goods the Hungary government reduced the price after taking into consideration the quality of g ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t and the appellants have already approached the RBI for writing off the said amount. He invited attention of this court to letter dated 25-10-1990 sent by the appellants to RBI and a letter dated Nil February, 1991 to the Customs Department pointing out the factual position. The appellants have also written to Canara Bank on 7-6-1990 for extension of time for realization of the amount due and sen ..... X X X X Extracts X X X X X X X X Extracts X X X X
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