2005 (4) TMI 481 - AT - Customs

Summary

The Appellate Tribunal CESTAT, Chennai found that the imported goods were not ordinary glass beads but fell under the category of precious/semi-precious/synthetic stones. The declaration was deemed incorrect and made to deceive, leading to duty evasion. The importer was directed to deposit Rs. 18 lakhs towards duty and Rs. 9 lakhs towards penalty within 8 weeks. Compliance to be reported on 4-7-2005.