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TMI Blog2013 (8) TMI 69X X X X Extracts X X X X X X X X Extracts X X X X ..... scription and value given in the bills of entry under which the rough diamonds were imported – maintenance of stock register/account, the assesse could not explain as to how the stock of imported rough diamonds was maintained and how the same were disposed off – pre deposit of an amount Rs. 50,000 was ordered – on such submission rest of the duty was waived – decided partly in favor of assessee. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y imported under Bills of Entry and the quantity was kept in a locker, from where these were brought for showing to Mr. T. M. Jean in a hotel. Shri B.R. Tripathi, tried to explain that there was a stock of 10510.60 carats of rough diamonds with the appellant out of legally imported diamonds. It was his case that there was no cause for imposing penalties and confiscation of the seized goods. 3. D ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uce any documentary evidence to indicate that the rough diamonds seized correspond to the description and value given in the bills of entry, under which the rough diamonds were imported. On a specific query from the Bench regarding maintenance of stock register/account, the appellant could not explain as to how the stock of imported rough diamonds was maintained and how the same were disposed off. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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