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2000 (12) TMI 122 - AT - Central ExciseExtract: .......o reason to interfere with the penalty imposed on Shri J.C. Khandelwal, Managing Director of the Company. The penalty of Rs. 20 lakhs on him is therefore, confirmed. 12.In the result appeal of M/s. Euro Cotspin Ltd. is allowed to the extent of reduction in duty and penalty as indicated above. The appeal of Mr. J.C. Khandelwal fails and is rejected.
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