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(vii) Foreign currencies were issued in the name of employees of SEMPL to be handed over to Amit Bali to meet the expenses of the appellant. Therefore, the foreign currencies were exported /attempted to be exported in violation of regulation 7(2)(b) of the Foreign Exchange Management (Export and Import of Currency) Regulations, 2015 and regulation 3(iii) of the Foreign Exchange Management (Possession and Retention of Foreign Currency) Regulations, 2015; and