https://www.taxtmi.com/caselaws?id=433589 The Tribunal set aside the impugned order in a case involving the alleged substitution of diamonds, concluding that the seized diamonds were processing loss and not subject to customs duty. Confiscated goods were allowed redemption on payment of fines, with penalties imposed on appellants. The prosecution failed to prove clandestine removal of diamonds, leading to the finding that the shortage was processing loss. Consequently, the impugned order was overturned, and all appeals were allowed, addressing issues of identification of substituted diamonds, customs duty demand, penalties, and processing loss comprehensively. en-us Mon, 30 Jan 2023 00:00:00 +0530 Sat, 04 Feb 2023 08:42:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433589 The Tribunal set aside the impugned order in a case involving the alleged substitution of diamonds, concluding that the seized diamonds were processing loss and not subject to customs duty. Confiscated goods were allowed redemption on payment of fines, with penalties imposed on appellants. The prosecution failed to prove clandestine removal of diamonds, leading to the finding that the shortage was processing loss. Consequently, the impugned order was overturned, and all appeals were allowed, addressing issues of identification of substituted diamonds, customs duty demand, penalties, and processing loss comprehensively. Case-Laws Customs Mon, 30 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433589