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2010 (10) TMI 1158 - AT - FEMAExtract: .......ing Officer. Now coming to the question of quantum of penalty, the penalty amount is commensurate to the gravity of the charge levelled against the appellants. I find no reason to interfere with the impugned order which is confirmed and upheld. The appeals are dismissed having no merits. The pre-deposited amount may be appropriated towards penalty.
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