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1992 (1) TMI 223 - CEGAT, BOMBAYExtract: .......g duty, penalty can be justified only for non fulfilment of statutory obligation cast on the appellants. In this view of the matter, we reduce the penalty from Rs. 50,000/- to Rs. 2,000/- (Rupees two thousand only). Appeal is disposed of in the above terms. Since the appeal itself is disposed of, stay application does not survive for consideration.
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