2007 (1) TMI 365

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....er : C.N.B. Nair, Member (T)]. - Heard both sides and perused record. 2. The appellant is a manufacturer of studded jewellery. It imported gold mounting for use in such jewellery and claimed concessional assessment of the imported mountings, as available under Notification No. 62 of 2004 dated 12-5-2004. Under the impugned order that claim to concession assessment has been rejected on a fi....

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....wellery and therefore they were liable to be treated as jewellery in terms of the Rule. 5. We find merit in the submission of the learned counsel for the appellant. Studded jewellery attains its character from the items (diamonds and other stones) embedded and not from the mountings. Therefore, prima facie Rule 2(a) had no application in the present case. We also note that the board had clar....