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1995 (2) TMI 170 - CEGAT, BOMBAYExtract: .......lled for and the same is set aside in view of the plea that the appellant is an Actual User rsquo and the item imported is for their actual use. By procuring REP licences on a premium, we find that the import cannot be said to be for a profit motive. In the circumstances, we reduce the Redemption Fine to Rs. 3 lakhs. Consequential relief to follow.
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