1. The present appeal challenges an order passed by a learned Single Judge on 1st
April, 2025, dismissing the Writ Petition filed by the appellant herein. The
primary prayer in the Writ Petition was that the writ petitioner be permitted to
renew the compounding application made by him, thereby quashing the
rejection of the compounding application on 11th September, 2024.
2. The facts in a nutshell are:-
a. The petitioner utilised the liberalised remittance scheme between
February 2011 and 8th February 2013 to remit USD5,99,999 equivalent
to (at prevailing exchange rate at the time) Rs. 2.97 crores to the LGT
Bank of Singapore.