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2015 (3) TMI 589 - CESTAT MUMBAIPenalty u/s 114(1) - Smuggling of Indian currency - Knowledge of smuggling - Held that:- Considering the fact from the investigation it has not come out whether the appellant was having the knowledge of the Indian currency being smuggled in the baggage in question, therefore immunity from higher penalty is required to be given to the appellant. In these circumstances, I reduce the penalty from ₹ 5,00,000/- to ₹ 1,00,000 - Decided partly in favour of assesse.
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