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2009 (3) TMI 864

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....llants are writ petitioners in Writ Petition No. 5680/2006 where the petitioners have sought to quash the order passed by the 2nd respondent on 23rd December 1999 which was subsequently confirmed in appeal by order dated 12th September 2005 by the 3rd respondent imposing penalty of Rs. 1.50 crores by exercising power under Section 11 read with Section 14 of the Foreign Trade (Development and Regul....