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2014 (3) TMI 1225

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..... M. A. No. 13813/2010 (Stay) - - - FEMA - Deposit of penalty u/s 9(1)(a) and 9(1)(c) of Foreign Exchange Regulation Act, 1973 - HELD THAT:- As directed the appellants shall deposit the amount of penalty imposed under Sections 9(1)(a) and 9(1)(c) of Foreign Exchange Regulation Act, 1973, within four (4) weeks from today. In the event of the appeals being allowed, the Enforcement Directorate shall .....

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..... instructions, that the appellants shall deposit the amount of penalty imposed under Sections 9(1)(a) and 9(1)(c) of Foreign Exchange Regulation Act, 1973, within four (4) weeks from today. In the event of the appeals being allowed, the Enforcement Directorate shall refund that amount along with interest on it @ 12 per cent per annum from the date of deposit of amount with it till the date of its r .....

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