1999 (10) TMI 768

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..... ication Order No. ADJ/92/B/DD/RAJ of 1996, dated 20-8-1996 (despatched on 13-9-1996) under which a penalty of Rs. one lakh has been imposed on the appellant-company for contravention of section 18(2), read with section 3 of the Foreign Exchange Regulation Act, 1973 ( the Act ). A further penalty of Rs. 20,000 has been imposed on Shri B.G. Gilbile, the Director of the appellant-company for the same .....

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..... y perusal the adjudication file showing the despatch of the impugned order on 13-9-1996. He has also shown the file to Shri Misquetta. 3. Under the first proviso to sub-section (2) of section 52 this Board has judicial discretion to condone the delay where an appeal has been filed beyond the permissible period of 45 days, but within 90 days of the receipt of the impugned order. Under the said prov .....

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