Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
Confiscation of export goods set aside by Appellate Tribunal. Exporter's explanation accepted regarding mismatch between goods and invoice. No deliberate mis-declaration found. Redemption fine and penalty imposed earlier quashed. Confiscation order unsustainable in absence of willful mis-classification or mis-declaration. Appeal allowed.
Confiscation of export goods set aside by Appellate Tribunal. Exporter's explanation accepted regarding mismatch between goods and invoice. No deliberate mis-declaration found. Redemption fine and penalty imposed earlier quashed. Confiscation order unsustainable in absence of willful mis-classification or mis-declaration. Appeal allowed.
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