2002 (4) TMI 746

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.... This is an appeal against imposition of penalty of Rs. 2,500/- on the appellant herein which is a firm of Chartered Accountants. The penalty has been imposed holding that the appellants aided and abetted one Tapankumar Banerjee in the transaction of import of 100 MTs of old newspaper which was not consumed in the factory of the importer M/s. Rajasthan Paper Industries. The charge is based upon t....