Initiation of proceedings u/s 129 of CGST Act - Penalty imposed for minor discrepancy in Delivery Challan quashed. Gold not meant for sale.

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....The High Court considered a case u/s 129 of CGST Act regarding penalty imposition for a minor discrepancy in a Delivery Challan. The issue was whether non-disclosure of Kundan stones justified penalty imposition. The Court found compliance with Rule 55 of CGST Rules except for the mentioned discrepancy. It noted the error in presuming the purpose of transporting gold and held that the goods were for sampling, not sale. The Court quashed the penalty of Rs. 14,50,560 and allowed the petition, directing refund and granting liberty to proceed for the discrepancy.....