2004 (6) TMI 443

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.... K.D. Mankar, Member (T)]. -  The appeal of the appellant is directed against the order of the Commissioner (Appeals) whereby duty of Rs. 10,75,081/- together with interest at rate of 24% was confirmed against the appellants. Amount of Rs. 7,00,000/- which was deposited was adjusted against the duty, penalty of Rs. 5,00,000/- was imposed on the appellant Company and Rs. 1,00,000/- on Shri Ra....