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2008 (7) TMI 38 - SC - CustomsPenalty – violation of sec.18 (2) & 18(3) of FERA - non-realisation of export proceeds – even after intimation to authorized banker by appellants not to deliver goods to original consignee, goods were delivered to original consignee, not to new consignee – hence for negligence of banker, appellants can’t be held guilty of violation of above sections – in respect of another consignment, sale proceeds have not been repatriated within prescribed time, hence penalty are justified but reduced
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