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2002 (4) TMI 675 - CEGAT, MUMBAIExtract: .......oximately 20 of the CIF value determined and the penalty to 5 of the CIF value determined. We reduce the fine and penalty as under Appeal No. Fine (Rs.) Penalty (Rs.) 1. C/1030/2001-Mum 25 lakhs 7.5 lakhs 2. C/1042/2001-Mum 7 lakhs 2 lakhs 5. emsp The appeals are thus partly allowed as above with consequential relief, if any, due to the appellants.
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