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2012 (3) TMI 184 - CESTAT, AHMEDABADPlea for reduction in penalty imposed - mis-declaration of the goods imported by assessee – release of 80 % of confiscated goods – Held that:- On undertaking given by assessee that they are not interested in clearing the consignment which is lying with the departmental authorities, we reduce the penalty imposed from Rs.1 lakh to Rs.20,000/- Decided in favor of assessee
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