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2011 (5) TMI 896 - AT - Central ExciseExtract: .......not sustainable. We vacate the demand of ₹ 4,60,65,669/- raised on Hira Enterprises and equal amount of penalty imposed on it under Section 11AC of the Act. We also vacate the various amounts of penalty imposed on various individuals who have filed appeals. 11. In the result all the appeals are allowed. Pronounced in open Court on 2. 5. 2011.
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