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2008 (5) TMI 536 - CESTAT, CHENNAIExtract: ....... appropriate penalty in the facts of the case. Accordingly, we reduce the redemption fine from Rs. 7.5 lakhs to Rs. 3.75 lakhs and penalty from Rs. 3.75 lakhs to Rs. 2.25 lakhs. The appeal is disposed off. The early hearing application and the stay application also get disposed of. (Operative part of the Order pronounced in Open Court on 12-5-2008)
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