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2009 (9) TMI 794 - CESTAT CHENNAIExtract: .......the description and quantity. However, taking into account the facts and circumstances of the case and the amount of differential duty involved, we reduce the penalty from Rs. 50,000/- to Rs. 15,000/- (Rupees fifteen thousand). The appeal is otherwise rejected except for reduction in the penalty amount. (Order dictated and pronounced in open Court)
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