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2002 (8) TMI 209 - AT - Central ExciseExtract: .......ount was paid by the Appellants immediately after three to four days of the visit of the Central Excise officer. We, therefore, reduce the amount of penalty imposed on the Appellant Company to Rs. 50,000/- only. For the same reasons we set aside the penalty imposed on Shri Sudhir Kumar, Director. Both the appeals are disposed of in the above terms.
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