Court Upholds Rs. 10 Lakhs Penalty for Illegally Selling Duty-Free Diamonds and Gold Domestically Instead of Exporting.

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....SEEPZ - allegation of Clandestine clearance of duty free goods, a large quantity of diamonds, gold etc. in the domestic market instead of exporting - Keeping in view the over all facts, the penalty of ₹ 10 lakhs cannot be considered on the higher side - AT....