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2005 (8) TMI 456 - CESTAT, CHENNAIExtract: .......nd of duty. It is also seen that they have executed a bank guarantee to the tune of Rs. 1.17 crore, which is said to have been kept alive. In the circumstances, we grant waiver of pre-deposit and stay of recovery in respect of the penalty amounts and the balance amount of duty. (Operative part of the order was pronounced in open Court on 12-8-2005)
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