https://www.taxtmi.com/caselaws?id=208062 The government upheld the confiscation of diamonds and diamond bead necklaces due to non-declaration before Customs Officers. The valuation of seized goods was deemed reasonable and legally correct. The Notification No. FEMA 116/2004-RB and EXIM Policy provisions were found inapplicable as the goods exceeded permissible limits. Indian currency was partially released with a redemption fine imposed. The redemption fine and personal penalty were reduced by the government, leading to the modification of the impugned order-in-appeal in the Revision Application. en-us Wed, 04 Nov 2009 00:00:00 +0530 Tue, 03 Jan 2012 15:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208062 The government upheld the confiscation of diamonds and diamond bead necklaces due to non-declaration before Customs Officers. The valuation of seized goods was deemed reasonable and legally correct. The Notification No. FEMA 116/2004-RB and EXIM Policy provisions were found inapplicable as the goods exceeded permissible limits. Indian currency was partially released with a redemption fine imposed. The redemption fine and personal penalty were reduced by the government, leading to the modification of the impugned order-in-appeal in the Revision Application. Case-Laws Customs Wed, 04 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208062