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2009 (6) TMI 832 - CESTAT, NEW DELHIExtract: .......restored. Penalty on respondent No. 1 is reduced to Rs. 40,414/- (Rupees forty thousand four hundred and fourteen only) and penalty on respondent No. 2, Shri Mohinder Paul Jain, is reduced to Rs. 10,000/- (Rupees ten thousand only). Both the appeals filed by the Revenue are disposed of in the above terms. (Dictated and pronounced in the Open Court)
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