https://www.taxtmi.com/caselaws?id=278179 For settlement under the Customs Act, the bar in the proviso to Section 127B turns on whether the seized goods are goods to which Section 123 applies; diamond-studded jewellery was not treated as falling within Section 123 merely because gold formed its base. The objections based on incomplete disclosure, absence of import/export documents, and classification were rejected, so the applications were maintainable. On merits, the record showed concealment and attempted smuggling of jewellery, supporting confiscation and penalty, but redemption was permitted because Section 123 did not apply. The Commission settled the duty, interest, fine and penalties, and granted limited immunity, including immunity from prosecution on compliance. en-us Wed, 29 Jun 2016 00:00:00 +0530 Thu, 17 Jan 2019 06:58:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278179 For settlement under the Customs Act, the bar in the proviso to Section 127B turns on whether the seized goods are goods to which Section 123 applies; diamond-studded jewellery was not treated as falling within Section 123 merely because gold formed its base. The objections based on incomplete disclosure, absence of import/export documents, and classification were rejected, so the applications were maintainable. On merits, the record showed concealment and attempted smuggling of jewellery, supporting confiscation and penalty, but redemption was permitted because Section 123 did not apply. The Commission settled the duty, interest, fine and penalties, and granted limited immunity, including immunity from prosecution on compliance. Case-Laws Customs Wed, 29 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278179