https://www.taxtmi.com/caselaws?id=763576 CESTAT Mumbai allowed appeal regarding absolute confiscation of gold jewelry. Tribunal held it had jurisdiction over customs assessment matters despite exclusions under section 129A. While appellant was ineligible to import gold jewelry as baggage and attempted duty evasion through green channel, absolute confiscation was unjustified. No evidence established goods were prohibited semi-manufactured items under tariff item 7108 1300. Confiscation set aside; redemption permitted on payment of Rs. 50,000 fine with penalty reduced to Rs. 50,000. en-us Thu, 19 Dec 2024 00:00:00 +0530 Mon, 23 Dec 2024 08:43:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763576 CESTAT Mumbai allowed appeal regarding absolute confiscation of gold jewelry. Tribunal held it had jurisdiction over customs assessment matters despite exclusions under section 129A. While appellant was ineligible to import gold jewelry as baggage and attempted duty evasion through green channel, absolute confiscation was unjustified. No evidence established goods were prohibited semi-manufactured items under tariff item 7108 1300. Confiscation set aside; redemption permitted on payment of Rs. 50,000 fine with penalty reduced to Rs. 50,000. Case-Laws Customs Thu, 19 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763576