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2016 (10) TMI 109 - CESTAT MUMBAIQuantification of penalty imposed under section 114A of the Customs Act, 1962 - capital goods imported duty free by 100% EOU - Whether the penalty is to be imposed equal to duty or the authority was justified in reducing such penalty? - Held that: - the adjudicating authority had no power to reduce the penalty from the amount equal to the duty. The decision in the case of The Commissioner of Central Excise Versus M/s. Viraj Alloys Ltd. [2010 (10) TMI 1027 - BOMBAY HIGH COURT] relied upon - appeal allowed - decided in favor of Revenue.
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