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2006 (2) TMI 555 - CESTAT, BANGALOREExtract: .......eeping in view the fact that there is no malafide. Therefore, we feel that the penalty on the importer should be limited to Rs. 20,000/- only. Taking into account the facts and circumstances of the case, the redemption fine under Section 125 of the Customs Act, 1962 is reduced to Rs. 2 lakhs from Rs. 8 lakhs. (Pronounced in open Court on 16-2-2006)
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