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<h1>Penalty under Foreign Exchange Regulation Act Overturned Due to Insufficient Evidence Against International Security Printers.</h1> The appellant's penalty under the Foreign Exchange Regulation Act was annulled as the primary charge against International Security Printers lacked ... - The appeal was against a penalty imposed on the appellant for contravention of the Foreign Exchange Regulation Act. The appellant's penalty was set aside as the main charge against the International Security Printers was not substantiated. The impugned order against the appellant was set aside, and the respondents were directed to refund the pre-deposit amount.
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