https://www.taxtmi.com/caselaws?id=359429 The High Court upheld the decision of the Customs, Excise and Service Tax Appellate Tribunal to impose a penalty under Section 112(iii) of the Customs Act on the appellant for confiscation of excess diamonds reimported without proper declaration. The Court found no substantial legal issues and dismissed the appeal, affirming the Tribunal's ruling based on factual evidence, including email communications and admissions by the appellant's General Manager, supporting the penalty imposition due to misdeclaration and lack of correlation between export and reimport quantities. en-us Mon, 21 Aug 2017 00:00:00 +0530 Mon, 30 Apr 2018 06:12:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359429 The High Court upheld the decision of the Customs, Excise and Service Tax Appellate Tribunal to impose a penalty under Section 112(iii) of the Customs Act on the appellant for confiscation of excess diamonds reimported without proper declaration. The Court found no substantial legal issues and dismissed the appeal, affirming the Tribunal's ruling based on factual evidence, including email communications and admissions by the appellant's General Manager, supporting the penalty imposition due to misdeclaration and lack of correlation between export and reimport quantities. Case-Laws Customs Mon, 21 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359429