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2003 (3) TMI 148 - CEGAT, MUMBAIExtract: ....... at Rs. 7,30,960/- are upheld. These are ordered to be redeemed on payment of fine of Rs. 1,00,000/- in addition to duty as calculated at the price of Rs. 182.74 per piece. The orders of confiscation of other goods are vacated. These goods shall be assessed at their declared prices. The quantum of penalty is reduced from Rs. 1 lakh to Rs. 20,000/-.
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