Bombay High Court Hears FERA Appeals Against Penalty for Non-Realisation of Export Proceeds; Considers Whether Exporter Took Reasonable Steps Under Section 18(2) FERA. Court Examines Legality of Show Cause Notice and Effect of Pending RBI Write-Off Application.
6 Sep 2012The appeals were filed under the Foreign Exchange Management Act, 2000 and Foreign Exchange Regulation Act, 1973 against the order of the Appellate Tr...
