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2004 (11) TMI 604 - AT - CustomsExtract: .......g the ratio of the cited decision, set aside the penalty of ₹ 1,00,000/- (Rupees one lakh only) imposed on them and allow their appeal. 8. Operative portion of this order allowing the appeal of the importer viz. M/s. Ashtalakshmi Marketing and partially allowing the appeal of the other appellants was pronounced in the open Court on 2.11.2004.
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