https://www.taxtmi.com/article/detailed?id=15737 The Supreme Court found imports of gold and silver bars under the DFCE scheme valid where bonded-warehouse processes evidenced value addition to exported cut and polished diamonds and verified FOB export values lacked proof of overvaluation; it rejected circular trading allegations and held Customs could not impugn DFCE licenses absent cancellation or demonstrated legal infirmity, setting aside mechanical penalties and demands based on unsubstantiated fraud. en-us Fri, 16 Jan 2026 08:07:44 +0530 Fri, 16 Jan 2026 08:07:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=15737 The Supreme Court found imports of gold and silver bars under the DFCE scheme valid where bonded-warehouse processes evidenced value addition to exported cut and polished diamonds and verified FOB export values lacked proof of overvaluation; it rejected circular trading allegations and held Customs could not impugn DFCE licenses absent cancellation or demonstrated legal infirmity, setting aside mechanical penalties and demands based on unsubstantiated fraud. Articles Customs - Import - Export - SEZ Fri, 16 Jan 2026 08:07:44 +0530 https://www.taxtmi.com/article/detailed?id=15737