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2004 (9) TMI 166 - AT - Central ExciseExtract: .......penalty imposed by Rs. 2 lakhs. However, we find that the penalty imposed on the first appellant is excessive and we reduce the same from Rs. 5,22,866/- to Rs. 1,25,000/-. The penalty on the second appellant is also reduced from Rs. 50,000/- to Rs. 25,000/-. 6. The appeals are otherwise rejected except for reduction in penalties as indicated above.
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