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2001 (8) TMI 175 - AT - CustomsExtract: .......mount of Rs. 1,00,000/- as per the direction of the CEGAT towards the penalty, the same may be adjusted and balance amount is directed to be deposited. Considered. The appellants is directed to deposit the balance amount of Rupees three lakh fifty thousand. The reduction of penalty has been done in the peculiar facts and circumstances of this case.
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