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2004 (11) TMI 200

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....e is directed against order of the Tribunal in C-1V/934-935/WZB/04, dated 3-2-2004 [2004 (176) E.L.T. 239 (T)]. The Tribunal in the order cited supra partially allowed the appeal before it by reducing the penalty under Section 11AC and setting aside the penalty on the Managing Director. The Tribunal otherwise upheld the order of the lower appellate authority. 2. Briefly the facts are that the a....