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1997 (10) TMI 151 - CEGAT, NEW DELHIExtract: .......demption fine of Rs. 50,000/- is reduced to Rs. 25,000/- having regard to the value of the seized cops viz. Rs. 51,300/- and in the totality of facts and circumstances of the case, penalty also requires reduction and is accordingly reduced to Rs. 2.5 lakhs. 5. emsp The appeal is disposed of as above. The cross-objections filed by the Deptt. abates.
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