Court : Appellate Tribunal for foreign Exchange New Delhi
Decided on : Dec-16-2008
..... trade or business, if any, with respect to such instrument, and the fact of the particular case. the reasonable time which a passenger is entitled to alighting from a train is such time as is usually required by passengers in getting off and on the train in safety at the particular station in question. a reasonable time, looking at all the circumstances .....
Tag this Judgment!Court : Appellate Tribunal for foreign Exchange New Delhi
Decided on : Jun-12-2008
..... trade or business, if any, with respect to such instrument, and the fact of the particular case the reasonable time which a passenger is entitled to alighting from a train is such time as is usually required by passengers in getting off and on the train in safety at the particular station in question. a reasonable time, looking at all the circumstances .....
Tag this Judgment!Court : Appellate Tribunal for foreign Exchange New Delhi
Decided on : Oct-31-2008
1and 2. These appeals with identical facts are filed against following two adjudication orders as recorded below : (1) Appeal No. 228/06 and appeal No. 230/06 - against Adjudication Order No. SDE/SKP/III/12/2006, dated 4-4-2006 passed by Special Director, Enforcement Directorate imposing total penalty of Rs. 15 lakhs (Rs. 5 lakhs each) on Shekhar Goel (the individual appellant) for contravention of sections 8(1) 9(1)(a), 8(1) read with section 64(2) of FER Act, 1973 respectively and total penalty of Rs. 10 lakhs (Rs. 5 lakhs + Rs. 5 lakhs) on M/s. American Express Bank Ltd. (the appellant bank) for contravention of sections 6(4) and 6(5) read with sections 73(3), 49 of FER Act, 1973 and also refer para 29B, 8(c) of ECM 1987 and section 9(1)(c) of FER Act, 1973 respectively besides imposing separate penalties on other co-noticees who are not parties in any of these appeals. (2) Appeal No. 531/05 against Adjudication Order No. Adj/142/DZ/ 2004/AD(SMB), dated 28-2-2005 passed by Assistant...
Tag this Judgment!