Classification dispute over silver jewelry imports: Freely importable or restricted?

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....Imported goods classification disputed - whether silver jewellery freely importable or restricted category under ITC (HS) Code 71069210. Court found respondent's examination report unreliable, lacking credible basis. Seizure memo declared value Rs. 7,70,80,299.47, 50% rounded to Rs. 1,40,00,000/-. Petitioner permitted provisional clearance upon furnishing bank guarantee of Rs. 1,40,00,000/- from nationalized bank. Petition disposed.....