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2004 (11) TMI 415 - AT - CustomsExtract: .......00 lakhs on Shri T.C. Reddy, Managing Director is concerned, we find that there is no personal involvement of Shri T.C. Reddy, Managing Director and therefore we vacate the penalty of Rs. 5,00,000/- (Rupees Five lakhs) imposed on him under Section 112(a) of Customs Act, 1962. Both the appeals are disposed of in the above terms. Ordered accordingly.
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