https://www.taxtmi.com/caselaws?id=218110 The Supreme Court held that smuggled goods cannot be considered as imported goods for the purpose of granting exemption under Notification No. 247/76-Cus., dated 2-8-1976. Consequently, the Tribunal's decision to grant exemption on smuggled diamonds was overturned. The Tribunal concluded that the settlement under Kar Vivad Samadhan Scheme (KVSS) did not cover the duty, and the appellant must pay the duty to redeem the goods. The goods were classified under Heading No. 71.02 of the Customs Tariff, and the relevant date for duty calculation is the date of payment of the redemption fine. The appeal was disposed of, holding the appellants liable to pay customs duty on the confiscated diamonds. en-us Tue, 25 Oct 2011 00:00:00 +0530 Sat, 03 Nov 2012 15:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218110 The Supreme Court held that smuggled goods cannot be considered as imported goods for the purpose of granting exemption under Notification No. 247/76-Cus., dated 2-8-1976. Consequently, the Tribunal's decision to grant exemption on smuggled diamonds was overturned. The Tribunal concluded that the settlement under Kar Vivad Samadhan Scheme (KVSS) did not cover the duty, and the appellant must pay the duty to redeem the goods. The goods were classified under Heading No. 71.02 of the Customs Tariff, and the relevant date for duty calculation is the date of payment of the redemption fine. The appeal was disposed of, holding the appellants liable to pay customs duty on the confiscated diamonds. Case-Laws Customs Tue, 25 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218110