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2008 (12) TMI 606 - CESTAT, AHMEDABADExtract: .......ver in view of the fact that penalty equal to duty has been imposed on the appellant-company, the penalty of Rs. 50,000/- on the Director is harsh. Accordingly the penalty on the Director is reduced to a nominal amount of Rs. 1,000/- (Rupees one thousand only). Appeals are rejected but for the above modification. (Pronounced in Court on 31-12-2008)
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