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1985 (2) TMI 274 - CEGAT BOMBAYExtract: ....... and/or Section 16 of the Act. Accordingly, we set aside the order of the Collector and order release of the gold chips and gold coins with proviso that within one month from the date of release they shall be disposed of by sale to or by conversion into ornaments through a licensed gold dealer. The penalty imposed on the Appellant is also remitted.
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