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2007 (6) TMI 322 - AT - Central ExcisePenalty - Imposition of Composite penalty - Held that: - Since the penalties imposed on the appellants is a composite penalty, to my mind, the penalties imposed on them can be considered as penalty imposed under Section 114(a) of the Customs Act, 1962 as the penalty is equal to the amount of duty. Since the appellants have accepted their liability and discharged the entire duty liability before the issuance of the show cause notice, there cannot be any penalty on the appellants under Section 114(a) of the Customs Act, 1962.
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