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2008 (10) TMI 739

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..... ribunal for Foreign Exchange : 2. This appeal is filed against Adjudication Order No. ADJ/42/99/DD/US/1065, dated 30-12-1999 passed by the Deputy Director, Enforcement Directorate, New Delhi imposing a penalty of Rs. 1,50,000 (Rupees one lakh fifty thousand only) against the appellant, Gurmeet Singh for contravention of provisions of section 8(1) and 8(2) of the Foreign Exchange Regulation Act, 19 .....

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..... t even appeared today despite notice which shows lack of bona fide on his part. 3. It is reported by Shri A.C. Singh, DLA that the appellant has not complied the pre-deposit order and argued that this appeal is liable to be dismissed on the ground of the non-compliance of the said order under statutory scheme where the appellant is under an obligation to file this appeal simultaneously along with .....

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..... ate Board may entertain any appeal after expiry of said period of forty five days, but not after 90 days, from the date aforesaid if it is satisfied that the appellant was prevented by sufficient cause from filing the appeal in time : Provided further that where the Appellate Board is of opinion that the deposit to be made will cause undue hardship to the appellant, it may, in its own discretion, .....

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