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1994 (3) TMI 111 - HC - Central ExciseExtract: .......d rather harshly in imposing penalty of Rs. 5,00,000/- and Rs. 50,000/- under Annexures M and N. 19.Consequently, this petition is partly allowed. The orders (Annexures M and N) so far as they relate to, imposition of penalty, are hereby quashed. There shall be no order as to costs. The outstanding amount of security be refunded to the petitioners.
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