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2001 (11) TMI 579 - CEGAT, MUMBAIExtract: .......ulty in accepting this price as the point of calculation of the margin of profit. This margin comes to about 50 of the CIF price. We, therefore, reduce the fine prescribed from Rs. 1.05 crores to Rs. 35.5 lakhs. We also order proportionate reduction of penalty from Rs. 10 lakhs to Rs. 3.5 lakhs. 6. emsp The appeal is disposed of in the above terms.
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