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1999 (1) TMI 160 - CEGAT, MUMBAIExtract: .......rted. The margin of works out 110 . Accordingly we reduce the redemption fine to Rs. 16 lakhs. 5. emsp The goods having been imported in clear violation of the import policy penalty has been rightly imposed, and its quantum Rs. 2 lakhs, being commensurate with the value of the consignment does not call for reduction. 6. emsp Appeal allowed in part.
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