S.O. 388 (E), Dated 22/3/2004

S.O. 388(E), dated 22-3-2004 - In exercise of the powers conferred by clause (b) of sub-section (2) of section 20 and section 29 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Chairperson hereby constitutes the following Benches of the Appellate Tribunal, namely :—

(a)     Single Member Benches, one Bench consisting of the Chairperson and other Benches consisting of a Member each; and

(b)     Division Benches consisting of either the Chairperson with a Member or any two Members sitting jointly.

2. A Division Bench shall hear cases in which the amount of penalty exceeds rupees five lakhs, and all other cases shall be heard by a Single Member Bench. The distribution of work amongst Benches shall be done at times by the Chairperson.