https://www.taxtmi.com/caselaws?id=393348 The appeals filed by M/s Surat Rough Diamond Sourcing (India) Ltd. and its director were allowed, setting aside the confiscation of diamonds and imposition of penalties. The court determined that the diamonds were compliant with the Kimberley Process Certificates (KPC) and were procured before the critical date of 17.11.2010. The revenue's appeal for enhancement of fines and penalties was dismissed, emphasizing the broad interpretation of "procure" and the legitimacy of the KPCs in determining the legality of the diamond imports. en-us Thu, 12 Mar 2020 00:00:00 +0530 Fri, 13 Mar 2020 12:32:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393348 The appeals filed by M/s Surat Rough Diamond Sourcing (India) Ltd. and its director were allowed, setting aside the confiscation of diamonds and imposition of penalties. The court determined that the diamonds were compliant with the Kimberley Process Certificates (KPC) and were procured before the critical date of 17.11.2010. The revenue's appeal for enhancement of fines and penalties was dismissed, emphasizing the broad interpretation of "procure" and the legitimacy of the KPCs in determining the legality of the diamond imports. Case-Laws Customs Thu, 12 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393348