https://www.taxtmi.com/caselaws?id=778275 CESTAT ALLAHABAD - AT held that SEZ unit's imported polished diamonds were used for authorised operations and subsequent export, so customs duty liability did not arise and Sections 111(m)/111(o) were not attracted; mis-declaration was a bona fide/technical matter with no revenue implication. The tribunal found combined penalties under Section 112(a)/(b) unsustainable, Section 112(b)(ii) inapplicable for lack of duty determination, and Section 114AA inapplicable to the corporate appellant. Redemption fine and penalties (Rs.2,00,000; Rs.10,500; Rs.8,00,000) were set aside and the appeal allowed. en-us Thu, 04 Sep 2025 00:00:00 +0530 Sat, 13 Sep 2025 08:47:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778275 CESTAT ALLAHABAD - AT held that SEZ unit's imported polished diamonds were used for authorised operations and subsequent export, so customs duty liability did not arise and Sections 111(m)/111(o) were not attracted; mis-declaration was a bona fide/technical matter with no revenue implication. The tribunal found combined penalties under Section 112(a)/(b) unsustainable, Section 112(b)(ii) inapplicable for lack of duty determination, and Section 114AA inapplicable to the corporate appellant. Redemption fine and penalties (Rs.2,00,000; Rs.10,500; Rs.8,00,000) were set aside and the appeal allowed. Case-Laws Customs Thu, 04 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778275