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2008 (4) TMI 558 - CESTAT, CHENNAIExtract: .......of this case, I reduce it to Rs. 1.5 lakhs (Rupees One lakh fifty thousand only). Proportionately, the penalty is reduced to Rs. 50,000/- (Rupees fifty thousand only). With this modification, the orders of the lower authorities are sustained and the present appeal is dismissed. (Operative part of the order was pronounced in open court on 11-4-2008)
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