https://www.taxtmi.com/caselaws?id=118020 The Appellate Tribunal CESTAT, Mumbai upheld the classification of imported goods as imitation precious stones of glass, rather than glass beads as declared. The goods were found to violate specific licensing requirements under the 1985 Exim Policy, leading to confiscation under Section 111(d) of the Customs Act. The importer faced a reduced penalty of Rs. 15,000, down from Rs. 35,000, for misdeclaration of the goods. en-us Mon, 10 Apr 2006 00:00:00 +0530 Wed, 27 Jun 2012 18:19:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118020 The Appellate Tribunal CESTAT, Mumbai upheld the classification of imported goods as imitation precious stones of glass, rather than glass beads as declared. The goods were found to violate specific licensing requirements under the 1985 Exim Policy, leading to confiscation under Section 111(d) of the Customs Act. The importer faced a reduced penalty of Rs. 15,000, down from Rs. 35,000, for misdeclaration of the goods. Case-Laws Customs Mon, 10 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118020