2017 (10) TMI 367

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....for the Respondent ORDER The facts of the case are that the appellant was intercepted on 10.2.2007 while proceeding to board a flight to Bangkok. On search of his handbag, cut and polished diamonds were recovered from him which were apprised at Rs. 34,76,000/-. In subsequent proceedings initiated against the appellant, the diamonds were confiscated absolutely. The goods used to conceal / transpo....

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....ly on quantum of redemption fine and penalty. He submits that even as per facts given in show cause notice in para 2 thereof, placed at pages 39 and 40 of the appeal papers, appellant had purchased the diamonds in Mumbai for total value of Rs. 24 lakhs. However, the department has appraised them on the higher side as Rs. 34.76 lakhs. Hence, he submits that considering the value of the actual value....