2006 (2) TMI 551

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..... Nair, JDR, for the Respondent. [Order]. - Heard both sides. On a remand from the Tribunal, the adjudicating Commissioner has determined a fine of Rs. 5 Lakhs and penalty of Rs. 2.50 Lakhs against the appellants. The learned Advocate for the appellants states that the impugned REP licences were issued on 31-5-1984 and 8-8-1984 which were purchased by the appellants subsequently. They had pl....