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2006 (6) TMI 318 - CESTAT, MUMBAIExtract: ....... find no ground for reducing the penalty on Shri Sabbir Fakhruddin Rangwala, who was actively involved in the clandestine removal. However, looking into the totality of the circumstances I reduce the penalty on M/s. Saif Electronics Limited from 2,68,567 to Rs. 50,000/- only. But for this modification the appeals are rejected. (Pronounced in Court)
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