https://www.taxtmi.com/caselaws?id=763833 CESTAT Ahmedabad dismissed the revenue's appeal regarding fraudulent availing of Duty Free Credit Entitlement Certificates from DGFT. The tribunal held that allegations of mis-declaration and circular trading of Cut and Polished Diamonds were previously decided in respondent's favor by CESTAT Mumbai, establishing the transactions were genuine. Since DGFT had not cancelled the DFCE licences and they remained valid, no duty demand, confiscation, or penalties were justified. The matter was considered settled (res integra) and the adjudicating authority's order was upheld. en-us Tue, 03 Dec 2024 00:00:00 +0530 Mon, 30 Dec 2024 08:39:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763833 CESTAT Ahmedabad dismissed the revenue's appeal regarding fraudulent availing of Duty Free Credit Entitlement Certificates from DGFT. The tribunal held that allegations of mis-declaration and circular trading of Cut and Polished Diamonds were previously decided in respondent's favor by CESTAT Mumbai, establishing the transactions were genuine. Since DGFT had not cancelled the DFCE licences and they remained valid, no duty demand, confiscation, or penalties were justified. The matter was considered settled (res integra) and the adjudicating authority's order was upheld. Case-Laws Customs Tue, 03 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763833