2002 (2) TMI 279

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....s/semi-precious stones recovered from the appellants' business and residential premises with an option to the appellant to redeem the same on payment of redemption fine of Rs. 2,00,000/- (Rupees two lakh). In addition he has also imposed a personal penalty of Rs. 25,000/- (Rupees twenty five thousand) upon the appellant under the provisions of Section 112(b) of the Customs Act, 1962. 2. As per ....

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....t was received. 3. Based upon the above facts show cause notice was issued to the appellant as also to the sellers of the stones proposing confiscation of the seized stones and imposition of penalties upon various persons. However, the notice was dropped in respect of the other persons but the seized stones were confiscated and the penalty imposed on the appellant. Hence the present appeal. ....

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.... JDR for the Revenue. 6. After going through the impugned order I find that the adjudicating authority has concluded that the contraband nature of the stones based upon the fact that the appellant could not produce the documents showing the purchase of the stones as also the accounts maintained by him at the time of seizure of the goods. He has also sidelined the admission of the seller of the ....