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2005 (8) TMI 270 - CESTAT, CHENNAIExtract: .......lant is liable to penalty under Section 112 of the Customs Act. The quantum of penalty imposed on him has been found to be reasonable. Accordingly the penalty is upheld. 4. The impugned order will stand modified to the aforesaid extent. The appeal is disposed of accordingly. (Operative portion of the order was pronounced in open Court on 12-8-2005)
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