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1994 (3) TMI 222 - CEGAT, NEW DELHI
Extract:
....... price and assessable value worked back after allowing admissible deductions. The penalty on the appellants is reduced from Rs. 50 lakhs (rupees fifty lacs) to Rs. 15 lakhs (rupees fifteen lakhs). Accordingly, the appeals are partly allowed. Sd/- Sd/- Sd/- (Harish Chander) (K.S. Venkataramani) (P.C. Jain) Dated 18-3-1994 President Member (T) Member