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2004 (6) TMI 576 - CESTAT, CHENNAIExtract: .......ck, we reduce the quantum of redemption fine in the instant case to Rs. 8 lakhs. In the earlier case, we reduced the penalty from Rs. 2.4 lakhs to Rs. 50,000/-. Similarly, we reduce the penalty in this case to Rs. 1,50,000/-. With this modification, the order of the Commissioner stands affirmed. 5. emsp The appeal is disposed of in the above terms.
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