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1997 (7) TMI 322 - AT - Central ExciseExtract: .......,922.55 confirmed on the clearances of towels made during March, 1986 to August, 1988 are set aside. Orders of imposition of fine of Rs. 7 lakhs in lieu of confiscation as also of imposition of penalty of Rs. 1 lakh are set aside. The orders of confirmation demanding a duty amounting to Rs. 3,70,265.95 are upheld. Appeal is disposed of accordingly.
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