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2004 (8) TMI 147 - AT - CustomsExtract: .......acts of the present matter and penalty of Rs. 5 lakhs will meet the ends of justice. We, therefore, reduce the penalty imposed on Appellant No. 1 to Rs. 5 lakhs only. We set aside the penalty imposed on Shri M.S. Puri, Appellant No. 2. In view of the facts and circumstances of the present matter. Both the appeals are disposed of in the above terms.
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