https://www.taxtmi.com/caselaws?id=72979 Drilling of imported diamonds was treated as "working" of precious stones under Heading 71.02(5), because the Explanatory Notes recognise drilling as a working process. The goods were therefore not unworked or uncut diamonds under Heading 71.02(2), and the import licence did not cover them. On that classification, confiscation was sustained. However, the penalty was set aside because the classification issue was debatable, and the redemption fine was reduced as excessive in the circumstances. en-us Mon, 18 May 1987 00:00:00 +0530 Thu, 26 May 2011 12:59:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72979 Drilling of imported diamonds was treated as "working" of precious stones under Heading 71.02(5), because the Explanatory Notes recognise drilling as a working process. The goods were therefore not unworked or uncut diamonds under Heading 71.02(2), and the import licence did not cover them. On that classification, confiscation was sustained. However, the penalty was set aside because the classification issue was debatable, and the redemption fine was reduced as excessive in the circumstances. Case-Laws Central Excise Mon, 18 May 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72979