Section 28 of FEMA : Section 28: Procedure And Powers Of Appellate Tribunal And Special Director (Appeals)

Explanation using Example

Imagine a business owner in India who has been penalized by the Reserve Bank of India (RBI) for not adhering to certain foreign exchange regulations. The business owner believes the penalty is unjust and decides to appeal the decision. They take their case to the Appellate Tribunal, which is established under the Foreign Exchange Management Act (FEMA), 1999.

In this scenario, Section 28 of FEMA comes into play. The Tribunal hears the case, and during the proceedi...

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