2003 (10) TMI 593

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Shri S.V. Parelkar, JDR, for the Respondent. [Order per : Jyoti Balasundaram, Member (J)]. -  We take up the stay application for hearing. 2. The Commissioner of Customs Air Port, Mumbai has confirmed the duty demand of Rs. 22,92,446/- on shortage of 3040 gms. of gold and 300 cts. of diamonds respectively in terms of Notification No. 177/94 and has adjusted the confirmed duty ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... the explanations given by him to use diamonds from the local market is that the export order was required to be urgently executed and since the quantity of imported diamonds was not readily available, he used the diamonds received for the local market for the purpose of export. We find that the diamonds imported for the purpose of use in the export items was in stock at the time of visit of custo....