https://www.taxtmi.com/caselaws?id=236140 The Tribunal dismissed the revenue's appeal, allowing the appeals filed by the assessees. It concluded that the confiscation proposal for the diamonds was dropped, and the penalties imposed on M/s. I.P. Patel & Co. and its partner were set aside. The Settlement Commission settled the case involving diamonds and gold jewelry recovered from a passenger with customs duty paid, partial waiver of fines, penalties, and full immunity from prosecution for the involved parties. en-us Tue, 09 Oct 2012 00:00:00 +0530 Fri, 16 Aug 2013 11:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236140 The Tribunal dismissed the revenue's appeal, allowing the appeals filed by the assessees. It concluded that the confiscation proposal for the diamonds was dropped, and the penalties imposed on M/s. I.P. Patel & Co. and its partner were set aside. The Settlement Commission settled the case involving diamonds and gold jewelry recovered from a passenger with customs duty paid, partial waiver of fines, penalties, and full immunity from prosecution for the involved parties. Case-Laws Customs Tue, 09 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236140