https://www.taxtmi.com/caselaws?id=77539 The Tribunal upheld the confiscation of diamonds and duty demand on gold shortage, along with penalties imposed on the appellant company for artificial transactions aimed at boosting export turnover without real value addition. The Managing Director's penalty was set aside. The company's appeal was rejected, affirming the Commissioner's decisions on confiscation and duty demand. en-us Wed, 03 Mar 2010 00:00:00 +0530 Thu, 23 Sep 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77539 The Tribunal upheld the confiscation of diamonds and duty demand on gold shortage, along with penalties imposed on the appellant company for artificial transactions aimed at boosting export turnover without real value addition. The Managing Director's penalty was set aside. The company's appeal was rejected, affirming the Commissioner's decisions on confiscation and duty demand. Case-Laws Customs Wed, 03 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77539