1995 (11) TMI 489

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.... appeal is directed against Adjudication Order No. SDE(R) 111/33/91, dated 31-7-1991 under which a penalty of Rs. 2,50,000 has been imposed on the appellant for contravention of section 8(3), read with section 8(4), committed by them and section 64(2) of the Foreign Exchange Regulation Act, 1973 ('the Act') on the allegation that he abetted the International Security Printers in contravent....

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....at that appeal has been disposed of by the Board by its order of 17-5-1995 under which the impugned order insofar as it relates to International Security Printers and its partners, has been set aside on the ground that the evidence on record did not substantiate the charge. 3. The learned Adjudicating Officer has strongly relied on the two letters seized by them. These letters are of 2-8-1984 and....