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1986 (8) TMI 286 - CEGAT, MADRASExtract: .......nd 585 respectively) is not warranted under law and we, therefore, set aside the order of confiscation in relation thereto with consequential relief. In the facts and circumstances of this case, we reduce the penalty from Rs. 60,000/- to Rs. 50,000/-(Rupees fifty thousand only). Except for the above modifications, the appeal is otherwise dismissed.
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