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2003 (12) TMI 138 - AT - CustomsExtract: .......ion of the Indian Currency and convert the same into an option to the appellant to redeem the Currency on payment a redemption fine of Rs. 11,000.00 (Rupees eleven thousand). Penalty amount which already stands reduced by the Commissioner (Appeals), is however confirmed. But for the above modification in the Order, the appeal is otherwise rejected.
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