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1996 (10) TMI 320 - CEGAT, NEW DELHIExtract: .......objection. Parts of the UPS were also similarly cleared. 10. emsp In view of this, the redemption fine to the extent it has been imposed, merits reduction. In view of this, we reduce redemption fine to Rs. 75,000/- (Rupees Seventy Five Thousand only). 11. emsp Subject to this modification, the impugned order is upheld and appeal otherwise rejected.
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