2007 (9) TMI 134

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..... e has filed the present appeal for enhancement of penalty. 2. While reducing the penalty Commissioner (Appeals) observed as under : "6. There was an excess stock of principal raw materials namely M.S. Ingots of Rs. 4,76,000/-. There was also shortage of finished products namely TOR/TMT and angles. The lower authority have imposed penalty equivalent to duty involved in above excess raw material a .....

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