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2005 (3) TMI 254 - CESTAT, CHENNAIExtract: .......ust, but the quantum of penalty is only discretionary. As the appellants have contravened the provisions of Rule 25 of the Central Excise Rules. 2002, penalty is imposable. However, the quantum of penalty is very high and as such we reduce the penalty to Rs. 1,20,000/- (Rupees One lakh twenty thousand). The appeal is disposed of in the above terms.
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