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1998 (3) TMI 337 - AT - Central ExciseExtract: .......evelopment charges for purposes of demanding duty has to be redetermined with reference to clearance of machined rings. (ii) emsp The duty demand of Rs. 64,610.91 on clearances of machined rings is upheld. (iii) emsp The confiscation and redemption fine for non-accountal of scrap rings is also upheld but the redemption fine and penalty are reduced.
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