9911796707
TMI Blog2005 (7) TMI 739X X X X Extracts X X X X X X X X Extracts X X X X ..... ddl./(HKS)/11/23/91, dated 27-3-1991 passed by the Additional Director, Enforcement Directorate for contravention of section 18(2) of FERA, 1973 imposing penalty of Rs. 2,00,000 on the appellant-firm. The appellant has approached this Tribunal through one of his partner Mrs. Malti Khurana. The appellant has filed application for dispensation of pre-deposit of penalty amount which was partly allowe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ge 19 of the paper book). The appellant filed reply stating inter alia that the appellant-firm was started by two unexperienced ladies in May 1980. In or about the middle of 1981 they were introduced to M/s. Interlink, Montreal, Canada (hereinafter referred to as said buyer). Pursuant to the buyers order the appellant-firm exported garments vide the said 13 GRIs in 1981. The exports were made on 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... was making efforts to realise the balance outstanding export proceeds they learnt that the buyer was declared bankrupt accruing to the laws in Canada. The appellant-firm thereafter put their claim with the authority concerned and ultimately succeeded in realising a payment of Rs. 40,000 being 10 per cent of the total outstanding export proceeds. The appellant filed copies of correspondence, telep ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he part of the adjudication authority of the various submissions and documents submitted by the appellant including the information regard allowing of 10 percent of the outstanding export proceeds by the Official Liquidator in Canada. 4. I have looked into the various documents alongwith the memorandum of appeal and am satisfied that the appellant had made serious efforts for realisation of the du ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
