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2009 (3) TMI 81 - MADRAS HIGH COURTIllegal obtaining of Replenishment Licence or fraudulent sale of Exim Scrips - FTDR Act, 1992 (Earlier Imports and Exports (Control) Act, 1947) - old Act viz., 1947 Act being repealed by the new Act, viz., 1992 Act - petitioner claim petitioner is that under the new Act, the procedure in dealing with the alleged offence is entirely different so they will have to be proceeded only under the new Act – petitioner also submitted that since no statutory proceedings were initiated before new Act and what is saved was only the penalty, confiscation, punishment in respect of any contravention under the old Act - matter is remitted back to the Secretary, Ministry of Commerce, Union of India for fresh disposal in accordance with the provisions of the Central Act 22 of 1992 i.e. FTDR Act, 1992
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