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2005 (3) TMI 629 - CESTAT, CHENNAIExtract: .......Act, or under any other Act. The adjudicating authority shall also quantify the amount of duty by the appellants which they are liable to discharge. Considering all these facts and circumstances of the case, we reduce the penalty to Rs. 5,00,000/- (Rupees five lakhs). Appeal is disposed of in the above terms. (Dictated and pronounced in open Court)
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