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1990 (2) TMI 194 - CEGAT, NEW DELHIExtract: ....... ITC regulation and the gravity of offence, to meet the ends of justice, we reduce the fine in lieu of confiscation from Rs. 2 lakhs to Rs. 1 lakh and penalty from Rs. 15,000/- to Rs. 7,500/-. The Revenue Authorities are directed to give consequential effect to this order. Except for this modification in the order, the appeal is otherwise rejected.
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