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The petitioner challenged penalties imposed under Imports and Exports (Control) Act, 1947. Appellate Committee reduced penalty to Rs. 2.50 lakhs and quashed import disqualification. Court found no jurisdiction for penalties under Sections 4-I (1)(a) or (c) as goods were imported without a license. Action under Customs Act was already taken. Writ petition allowed, impugned orders quashed, no costs awarded.
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