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1995 (12) TMI 134 - AT - CustomsExtract: ....... the violation of Import Trade control provisions remains and is also not seriously challenged, and hence the consequential order of confiscation is upheld. However, in view of the findings, as above in regard to valuation, the redemption fine is reduced to Rs. 3 lakh and the penalty to Rs. 50,000/-. The appeal is partly allowed in the above terms.
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