https://www.taxtmi.com/caselaws?id=174960 The High Court upheld the CESTAT's decision to confirm the demand of duty and penalty. It also supported the confiscation of diamonds and imposition of a redemption fine. The Court found 63,078.35 carats of diamonds liable for confiscation. Interim relief was granted to the appellants, requiring them to deposit Rs. 2 crores and provide security. The diamonds valued at Rs. 4.3 crores were to remain with the respondents as security until the appeal's final disposal. Additionally, a bond for a building was to be furnished in favor of the respondents. en-us Tue, 14 Aug 2007 00:00:00 +0530 Sat, 31 Oct 2015 10:53:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174960 The High Court upheld the CESTAT's decision to confirm the demand of duty and penalty. It also supported the confiscation of diamonds and imposition of a redemption fine. The Court found 63,078.35 carats of diamonds liable for confiscation. Interim relief was granted to the appellants, requiring them to deposit Rs. 2 crores and provide security. The diamonds valued at Rs. 4.3 crores were to remain with the respondents as security until the appeal's final disposal. Additionally, a bond for a building was to be furnished in favor of the respondents. Case-Laws Customs Tue, 14 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174960