PMLA Appeal - Amount of Fee Payable
RULE 3(2) of the Prevention of Money-laundering (Appeal) Rules, 2005 reads as:
At the time of filing, every appeal shall be accompanied with an amount of fee as given in the Table below, in the form of demand draft payable in favour of the Registrar, Appellate Tribunal, New Delhi.
TABLE
Sl. No. | Amount of fine imposed | Amount of fee payable |
|---|---|---|
1. | Where the amount of fine imposed under sub-section (2) of section 13 of the Act is Rs. 10,000/ | Rs. 1,000/- |
2. | Where the amount of fine imposed under sub-section (2) of section 13 of the Act is more than Rs. 10,000/- and upto Rs. 50,000/- | Rs. 2,500/- |
3. | Where the amount of fine imposed under sub-section (2) of section 13 of the Act is more than Rs. 50,000/- and upto Rs. 1 lakh. | Rs. 5,000/- |
Now, the words and upto Rs. 1 lakh are omitted.
Why? Maybe because now there is no fee prescribed for appeals when fine imposed is more than Rs. 1 lakh; but the Section does not seem to permit any fine and even the maximum penalty imposable is Rs. 1 lakh. Where is the catch?