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1998 (12) TMI 172 - CEGAT, MUMBAIExtract: ....... the suggestion of the departmental representative that 25 ought to be the reasonable figure for redemption fine. The knowing act of misdeclaration by the importer warrants a deterrent amount of penalty. 4. emsp Accordingly, we modify the Collector rsquo s order by determining the redemption fine to be Rs. 18.00 lakhs and penalty to Rs. 4.00 lakhs.
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