2010 (1) TMI 1043

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.... The appellants herein challenge the imposition of penalty of Rs. Four lakhs each under the provisions of Section 114(i) of the Act. 2. The penalty has been imposed on Shri M. Natarajan, Partner of M/s. Sri Olima International, Tuticorin, exporter, for having given his IE code to one Shri C.T.R. Ramasamy of M/s. M.R. Trading Company, for utilization it by a third person for the export of 'Al....