Appellate tribunal partially allows appeal, exempts pre-deposit, deems penalty excessive. Appellant directed to deposit Rs. 75,000.

The appeal was partly allowed by the appellate tribunal in New Delhi, which exempted the pre-deposit condition and found the penalty imposed on the appellant to be excessive. The tribunal directed the appellant to deposit Rs. 75,000 towards the penalty demand.

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The appellate tribunal in New Delhi exempted the pre-deposit condition and proceeded to dispose of the appeal. The appellant contested the penalty demand, arguing they had paid duty before the show cause notice. The tribunal found the penalty imposed was excessive and directed the appellant to deposit Rs. 75,000 towards the penalty demand. The appeal was partly allowed.

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