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2017 (2) TMI 1299 - CESTAT MUMBAIReduction of Penalty u/s 11AC - suppression of facts - Held that: - Ld. Commissioner(Appeals) only on the ground that there was no suppression of facts on the part of the appellant, reduced the penalty from equal amount of duty to ₹ 1 Lakh. However, Ld. Commissioner(Appeals) has not held that penalty is not imposable under Section 11AC - Ld. Commissioner(Appeals) has no power to reduced penalty under Section 11AC of the Customs Act, 1962 - the Commissioner(Appeals) has wrongly reduced the penalty from equal amount of duty to ₹ 1 Lakh - appeal allowed.
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