https://www.taxtmi.com/caselaws?id=244829 The tribunal ruled in favor of the appellant in a case concerning the classification of imported goods under the Customs Act, 1962. Expert opinions and supporting certificates indicated the goods were semi-processed diamonds, not polished diamonds as assessed by the Revenue. The tribunal found no misdeclaration by the appellant, set aside the confiscation under Section 111(m), and deemed the imposition of redemption fine under Section 125 unsustainable. The tribunal also concluded that the penalty imposed under Section 112(a) was unwarranted, ultimately allowing the appeal and setting aside the impugned order. en-us Wed, 04 Dec 2013 00:00:00 +0530 Sat, 30 Aug 2014 14:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244829 The tribunal ruled in favor of the appellant in a case concerning the classification of imported goods under the Customs Act, 1962. Expert opinions and supporting certificates indicated the goods were semi-processed diamonds, not polished diamonds as assessed by the Revenue. The tribunal found no misdeclaration by the appellant, set aside the confiscation under Section 111(m), and deemed the imposition of redemption fine under Section 125 unsustainable. The tribunal also concluded that the penalty imposed under Section 112(a) was unwarranted, ultimately allowing the appeal and setting aside the impugned order. Case-Laws Customs Wed, 04 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244829