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2007 (7) TMI 505 - AT - CustomsExtract: .......upees Five lakhs only) from Rs. 53,69,216/-. The penalty on M/s. VCSPL is reduced to Rs. 4.50,000/- (Rupees Four lakhs fifty thousand only) from Rs. 45,38,394/-. The penalty on Ms. Nivedita V. Parab, Director of M/s. VCSPL is reduced to Rs. 50,000/- only. Thus, the appeals are disposed of in the above manner. (Pronounced in open Court on 17-7-2007)
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