2004 (1) TMI 734 - AT - FEMA

Summary

The appeal was filed against an adjudication order under FERA, 1973, imposing a penalty of Rs. 18 lakhs for contravention of provisions. The appellant was not given a proper opportunity to be heard. The matter was remanded back for further adjudication based on additional evidence provided by the appellant. The case was to be completed within six months.