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1994 (1) TMI 149 - HC - FEMAExtract: .......ves rise to the offence and as such, the court below will have jurisdiction. Thus, I am clear that recourse to Section 54 of the Act will in no way help the petitioners. 5. emsp Taking this view of the matter, I am unable to accept the contention of the learned counsel for the petitioners and therefore this petition fails and shall stand dismissed.
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