Section 14 of Customs Act not relevant to rough diamonds as same are leviable to NIL duty

Commissioner of Customs Vs Kiran Gems Pvt Ltd (CESTAT Mumbai)

CESTAT Mumbai held that section 14 of Customs Act, 1962, or any Rules framed thereunder, is not of relevance to the rough diamonds as the same are leviable to NIL duty as per the Customs Tariff Act, 1975.

Facts-The two consignments of 62,837 carats and 76,195.45 carats valued at Rs. 49,21,80,126.88 and Rs. 119,24,42,649.19, imported by M/s Kiran Gems P Ltd were declared to be in conformity with description corre

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