time, was a duly
licensed Full Fledge Money Changer (for short "FFMC") and/or an Authorised Dealer,
who was issued the requisite licence ... Gulf Enterprises. In so far as present Appeals are
concerned, the relevant FFMC is Hotel Zam Zam. It was alleged by the DRI that Hotel
time, was a duly
licensed Full Fledge Money Changer (for short "FFMC") and/or an Authorised Dealer,
who was issued the requisite licence ... Gulf Enterprises. In so far as present Appeals are
concerned, the relevant FFMC is Hotel Zam Zam. It was alleged by the DRI that Hotel
foreign currency obtained from respondent by the representatives of
Hotel ZamZam (FFMC) was handed over to Shambhu Natha Mishra, who in
turn sold ... routed through the banking channels from the accounts of Hotel Zam Zam
(FFMC) and respondent-LKP. He, thus, submits that sub section 2 of Section
