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2009 (12) TMI 779 - CESTAT MUMBAIExtract: .......nally obtained by the shipping line and in that event such an excessive penalty should not be imposed. Following the principle laid down by the Hon rsquo ble High Court in the case of CSAV Group Agencies (supra), I reduce the penalty to Rs. 2 lakhs. With this observation, the appeal is partly allowed with consequential relief. (Pronounced in Court)
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