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2000 (9) TMI 650 - AT - Central ExciseExtract: .......ts entirety, we find that the penalties are on the higher side. Therefore, the same are reduced as under 1. On Quality Exports and Chemicals the penalty is reduced to Rs. 5 lakhs. 2. Penalty on Shri Mukul Gupta, Smt. Vandana Gupta, Smt. Veena Gupta and Shri Alok Tiwari is reduced to Rs. one lakh each. The appeals are disposed of in the above terms.
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