https://www.taxtmi.com/caselaws?id=358744 The Tribunal upheld the Revenue's contention to classify imported pre-form semi-precious stones as an intermediate stage between 'rough' and 'cut and polished' stones for duty assessment at 10%, rather than under CTH 71039990 for a duty rate of 2% as claimed by the appellant. The Tribunal found that the pre-forms did not qualify for exemption as rough semi-precious stones and supported the Revenue's classification based on the characteristics of the product and the subsequent clarification in the amended notification. The appeal was dismissed, affirming the duty assessment at a tariff rate of 10% on the imported pre-form semi-precious stones. en-us Mon, 12 Mar 2018 00:00:00 +0530 Fri, 21 Feb 2020 11:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358744 The Tribunal upheld the Revenue's contention to classify imported pre-form semi-precious stones as an intermediate stage between 'rough' and 'cut and polished' stones for duty assessment at 10%, rather than under CTH 71039990 for a duty rate of 2% as claimed by the appellant. The Tribunal found that the pre-forms did not qualify for exemption as rough semi-precious stones and supported the Revenue's classification based on the characteristics of the product and the subsequent clarification in the amended notification. The appeal was dismissed, affirming the duty assessment at a tariff rate of 10% on the imported pre-form semi-precious stones. Case-Laws Customs Mon, 12 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358744