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1992 (10) TMI 184 - CEGAT, NEW DELHIExtract: .......es imposed are excessive and disproportionate. We, therefore, reduce the penalty on appellant No. 4 from Rs. 7 lakhs to Rs. 3 lakhs, on appellant No. 5 from Rs. 2 lakhs to Rs. 50,000 and on appellant No. 6 from Rs. 5,000 to Rs. 2,000/- 12. Subject to the above modification (reduction of penalty), we uphold the impugned order and reject the appeals.
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