https://www.taxtmi.com/caselaws?id=400881 The Court upheld the judgment allowing re-export of imported uncut diamonds due to a procedural defect in import. The appellant's arguments regarding rectification of the defect and lack of basis for confiscation were dismissed. The Court emphasized the mandatory requirement of the Kimberly Process Certificate for rough diamond imports under the Customs Act, highlighting the necessity of compliance with the regulations outlined in the Circular. Failure to produce the required certificate within the stipulated period resulted in the affirmation of confiscation and the need for payment of redemption fee and penalty for release of the goods. en-us Thu, 12 Nov 2020 00:00:00 +0530 Sat, 21 Nov 2020 10:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400881 The Court upheld the judgment allowing re-export of imported uncut diamonds due to a procedural defect in import. The appellant's arguments regarding rectification of the defect and lack of basis for confiscation were dismissed. The Court emphasized the mandatory requirement of the Kimberly Process Certificate for rough diamond imports under the Customs Act, highlighting the necessity of compliance with the regulations outlined in the Circular. Failure to produce the required certificate within the stipulated period resulted in the affirmation of confiscation and the need for payment of redemption fee and penalty for release of the goods. Case-Laws Customs Thu, 12 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400881