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2009 (3) TMI 977 - AT - CustomsExtract: .......en sold by the department and the sale proceeds realized in 2005. Keeping the above factors in mind, we reduce the fine in lieu of confiscation to ₹ 5,00,000/- (Rupees Five lakhs only). Appeal No. C/388/08 is thus partly allowed as above. As a consequence, Appeal No. C/383/08 of the Revenue is rejected. (Dictated and pronounced in open court)
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