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2003 (7) TMI 544 - AT - Central ExciseExtract: .......as a case for imposition of penalty on Amit Jhaveri. 9. emsp Taking into account the amount of duty involved and other circumstances pleaded the penalty imposed on Amit Jhaveri is reduced from Rs. 10 lakhs to Rs. 3 lakhs, on the assessee from Rs. 20 lakhs to Rs. 10 lakhs and fine for redemption of plant and machinery of Rs. 10 lakhs to Rs. 2 lakhs.
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