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a. Rs.10 lakhs upon the appellant Shri. Mohit Lamba (Appeal No. C/147/02-Mum). b. Rs.10 lakhs upon the appellant Shri Surinder Khosla (Appeal No. C/148/02-Mum). c. Rs. 2 lakhs on the appellant Shri Jai Prakash Kamat (Appeal No. C/257/02-Mum).

2. The facts in the present case are that based on investigations conducted by the DRI, New Delhi it was revealed that the appellants in collusion with each other as well as several other persons arraigned in the impugned order had floated one firm by name M/s. Tilak Overseas Exports Pvt. Ltd. 24, Pragati Complex, Idgah Road, Delhi-6 wherein the appellant Shri Mohit Lamba was one of the Directors. This company had obtained 12 advance licenses for import of 731.325 Mts. Of polypropylene & 542.750 Mts of Polystyre on which they availed of the Customs Notification 204/92 dated 19.5.92 and cleared them duty free by availing the benefit of exemption to the extent of Rs.2,74,46,104.00 payable on the said imports and such plastics to be used as raw material for which the firm was also allotted an export import code by the DGFT bearing No.0594009073 dated 30.5.94. After the import of the raw materials, these persons then sold off the material in the market without fulfilling the export obligation through one Shri. Rajeev Khandelwal the owner of M/s. Pan Asia Group, having offices at Delhi and Mumbai.