https://www.taxtmi.com/caselaws?id=116066 The Tribunal upheld the confiscation of diamonds valued at over Rs. 1.61 crores, concealed in checked baggage without proper declaration, under Sections 113(d) and (e) of the Customs Act. The penalty imposed was reduced but upheld due to the violation nature. Non-compliance with EXIM Policy and Export Baggage Rules, lack of Importer Exporter Code (IEC) number, and diamonds being considered prohibited goods led to the decision. Absolute confiscation without redemption fine was supported under Section 125 of the Customs Act, emphasizing statutory compliance and penalties for violations. en-us Thu, 19 Aug 2004 00:00:00 +0530 Wed, 06 Jun 2012 18:48:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116066 The Tribunal upheld the confiscation of diamonds valued at over Rs. 1.61 crores, concealed in checked baggage without proper declaration, under Sections 113(d) and (e) of the Customs Act. The penalty imposed was reduced but upheld due to the violation nature. Non-compliance with EXIM Policy and Export Baggage Rules, lack of Importer Exporter Code (IEC) number, and diamonds being considered prohibited goods led to the decision. Absolute confiscation without redemption fine was supported under Section 125 of the Customs Act, emphasizing statutory compliance and penalties for violations. Case-Laws Customs Thu, 19 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116066