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3. Shri Hashmath Pasha, made following submissions in support of this petition:

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(a) that the petitioner had obtained an Import Export Code ('IE code' for short) in the name of his Partnership Firm M/s.Overseas Express. The said firm was converted into a Private Limited Company in April 2016 and the accused No.2 was working as a Sales Executive under the petitioner;
(b) that the newly formed Private Limited Company had not obtained an IE code and the goods were being exported by using the IE code of the Partnership Firm.