https://www.taxtmi.com/highlights?id=58983 Imposition of penalty - section 112(b) of Customs Act - smuggling - diamonds - The active role of these Appellant, do not justify imposition of heavy penalty under Section 112(b) of Customs Act 1962 - The DRI investigation has not brought any such evidence except retracted confessional statements to show that Appellants have smuggled rough diamonds into India - The quantum of penalty is reduced - AT en-us Fri, 30 Jul 2021 10:47:30 +0530 Fri, 30 Jul 2021 10:47:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=58983 Imposition of penalty - section 112(b) of Customs Act - smuggling - diamonds - The active role of these Appellant, do not justify imposition of heavy penalty under Section 112(b) of Customs Act 1962 - The DRI investigation has not brought any such evidence except retracted confessional statements to show that Appellants have smuggled rough diamonds into India - The quantum of penalty is reduced - AT Highlights Customs Fri, 30 Jul 2021 10:47:30 +0530 https://www.taxtmi.com/highlights?id=58983