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2008 (4) TMI 585 - AT - Central ExciseExtract: .......ny settled the penal provisions by paying 25 of duty in terms of 1st Proviso to Section 11AC of the Central Excise Act. So, the imposition of penalty of equal amount on the Appellant is not proper. Therefore, amount of penalty is reduced to Rs. 50,000/-. The Appeal is disposed of in the above terms. (Order dictated and pronounced in the open Court)
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