CESTAT reduces Penalty from Rs. 1 crore to 1 Lakh in Rough Diamond Smuggling case

Jorabhai Valabhai Rabari Desai Vs C.C. Ahmedabad (CESTAT Ahmedabad) Shri Jorabhai Valabhai Rabari @ Desai and Shri Premabhai Jethabhai Attya @ Patel (hereinafter referred to as ‘the Appellants‘) have filed Appeals against the impugned O-I-O NO. AHM-CUSTM-OOO-COM-004-2018-19 dated 25-04-2018 issued by the Principal Commissioner of Customs, Ahmedabad wherein a Penalty u/s 112(b) of Customs Act 1962 of Rs. 17,01,313/-[each]is imposed on Appellants Shri Jorabhai and Shri Premabhai.   2. Brief facts of the case of Revenue are that the officers of DRI acting on a specific informati...