2007 (9) TMI 424

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..... .V. Bharucha and Y.R. Mishra for the Respondent. ORDER 1. The appellate authority, after considering the submissions on behalf of the appellants, reduced the amount of penalty as imposed by the adjudicating authority. This appeal is directed against the said reduction of penalty. The contention urged is that there was no default at all on the part of the appellants and consequently th .....

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