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1989 (2) TMI 287 - CEGAT, BOMBAYExtract: .......se to exercise their option within a period of four weeks from the date of communication of the order, otherwise the order of absolute confiscation will survive. We also reduce the penalty from Rs. 3,00,000/- (Rupees three lakhs only) to Rs. 1,00,000/- (Rupees one lakh only). 10. Subject to the above modifications, the appeal is otherwise rejected.
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