Petitioner can bring gold chain with diamond pendant into India ...

Diamond pendant qualifies as personal effect for jewelry biz owner. Customs erred in valuation. Refund ordered.

Case Laws Customs

July 17, 2024

Petitioner can bring gold chain with diamond pendant into India as personal effect under Baggage Rules 1998. Invoice for diamond purchase though unsigned, cannot be sole basis for rejection. Personal effect interpretation depends on context and person's background. For high net worth individual like Petitioner engaged in jewelry business with declared income of USD 150,000, expensive jewelry qualifies as personal effect. Customs authorities erred in initiating proceedings merely on high value ascription without considering Petitioner's background and valuation date discrepancy. Respondents directed to refund Rs. 35,00,000 deposited by Petitioner within four weeks.

View Source

← Previous Next →

Petitioner can bring gold chain with diamond pendant into India ...

Diamond pendant qualifies as personal effect for jewelry biz owner. Customs erred in valuation. Refund ordered.

Case Laws Customs

July 17, 2024

You may also like:

Classification - Amezcua Chi Pendant - As, the 'Chi Pendant' is not an artificial jewellery worn by any person of any age. Therefore, the imported goods cannot be...

SEZ unit - Levy of penalty for violating LoA - While pendant is termed as a piece of jewellery that hangs from a necklace chain, medallion is also termed as a piece of...

Retrospective exemption granted from payment of any customs duty on import of "Rough diamonds (industrial or non-industrial)" for the period 1.7.2017 to 1.2.2022....

Unexplained purchase of diamond pins, jewellery and jewellery sets - the jewellery was found recorded in the personal cash book of Director, and therefore, no separate...

Addition u/s. 69A on account of unexplained jewellery - search & seizure - There is no logic for enhancing the quantity of gold by the weight of stones and diamonds....

Unexplained jewellery - The arguments raised on behalf of the Revenue on the basis of reference to Section 110 of the Evidence Act, which provides that where a person is...

Customs officials seized gold jewelry from petitioners on 23-02-2023. Section 110(2) of Customs Act, 1962 mandates issuing show cause notice u/s 124 within six months of...

Anushka Sharma - Wedding Ring – Customs Law on Import of Jewellery - Duty & Penalty

Rejection of books of accounts u/s 145(3) - assesee was dealing in gems and jewellery - It is difficult to maintain the stock register in this line of business of the...

Detention of motor vehicle - RANGE ROVER motor vehicle transported from Coimbatore to Thiruvananthapuram as 'used personal effect' of the 2nd respondent - detention on...

Capital assets vs personal effects - antique or decorative items and collectors items, cannot be classified as personal effects - AT

AMENDMENTS TO THE CUSTOMS ACT, 1962 - Due to increase in Custom Duty these items will get costlier Compounded rubber, Articles made from gold bars, Electric Kitchen...

Preferential rate of duty - certificate of origin - Imports of ‘gold jewellery’/ ‘diamond studded gold jewellery’ effected from Thailand - There are no justification for...

Classification of NEBULA Jewellery Watch - Even the dress having diamond on it predominantly can be in a given case said to be a jewellery. Mainly because the NEBULA...

Guidelines for conduct of personal hearings in virtual mode under Customs Act, 1962 - Trade Notice

Quick Updates: