11.03.2014
1. These two appeals are directed against the common order dated 15th June 2007 passed by the Appellate Tribunal for Foreign Exchange („AT‟) dismissing Appeal Nos. 785 and 792 of 1990. By the impugned order, the AT affirmed the order dated 30th August 1990 passed by the Special Director („SD‟), Enforcement Directorate („ED‟), holding the CRL. A. Nos. 241 & 264 of 2008 Page 1 of 12 Appellants to be guilty of contravention of Sections 8(1) and 8(2) read with Section 64 of Foreign Exchange Regulation Act, 1973 („FERA‟) and imposing a penalty of Rs. 10,00