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2010 (1) TMI 994 - AT - CustomsExtract: .......facts and circumstances of the case, we reduce the fine in lieu of confiscation to Rs. 3,00,000/- (Rupees three lakhs only). No reduction in the quantum of penalty is called for as the amount is only Rs. 1,00,000/- (Rupees one lakhs only). The appeal is thus partly allowed by reduction in the quantum of fine. (Dictated and pronounced in open court)
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