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1998 (8) TMI 196 - AT - CustomsExtract: .......ance in February, 1993. We find substance in these arguments but not in the suggestion of the ld. Advocate that the penalty be limited to what has been deposited in pursuance of the stay order. Considering the factors involved we reduce the quantum of penalty from Rs. 5.00 lacs to Rs. 2.00 lacs. Subject to this modification, the appeal is rejected.
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