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1994 (7) TMI 208 - CEGAT, BOMBAYExtract: .......vide Section 112 of the Act cannot be sustained and is therefore set aside. 14. emsp In the result, the order of confiscation of Indian currency amounting to Rs. 5,50,000/- vide Section 121 is sustained, but the order imposing personal penalty of Rs. 50,000/- on the appellant vide Section 112 of the Act is set aside. Consequential relief to follow.
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