Home Case Index All Cases Customs Customs + HC Customs - 2012 (12) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2012 (12) TMI 161 - HC - CustomsImport of diamond without payment of duty - shortage of 72095.55 Carats of diamonds - value addition - Notification No. 177/94-Cus., dated 21-10-1994 - maintenance of proper account of import, consumption, utilization of the imported diamonds - redemption fine – initially CESTAT decided the case in favor of assessee but decided the appeal against the assessee after remanding the matter back to the CESTAT by the Apex Court - Held that:- No documents supporting the import of the above diamonds - Respondents found a shortage of cut and polished diamonds on stock taking as well as excess of cut and polished diamonds - Respondent have been able to establish the illicit procurement of cut and polished diamonds by the Appellant - in favour of revenue
|