https://www.taxtmi.com/caselaws?id=108525 The case involved the confiscation of diamonds by customs officers, leading to penalties and confiscation orders confirmed by the Tribunal. The firm availed the Kar Vivad Samadhan Scheme, 1998, but a dispute arose when seeking to redeem the goods in 1999, with the Commissioner demanding duty payment. The Supreme Court directed the assessing officer to determine the duty amount, which the Commissioner set at 250%, rejecting arguments based on confiscation and exemption notification. The Tribunal found discrepancies in the Commissioner's application of legal precedents, allowing the appeal and supporting the duty exemption on the imported diamonds. en-us Mon, 23 Jun 2003 00:00:00 +0530 Mon, 02 Apr 2012 10:56:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108525 The case involved the confiscation of diamonds by customs officers, leading to penalties and confiscation orders confirmed by the Tribunal. The firm availed the Kar Vivad Samadhan Scheme, 1998, but a dispute arose when seeking to redeem the goods in 1999, with the Commissioner demanding duty payment. The Supreme Court directed the assessing officer to determine the duty amount, which the Commissioner set at 250%, rejecting arguments based on confiscation and exemption notification. The Tribunal found discrepancies in the Commissioner's application of legal precedents, allowing the appeal and supporting the duty exemption on the imported diamonds. Case-Laws Customs Mon, 23 Jun 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108525