I am not sure whether his statement is satisfactory enough. The market value of these two watches stand at ₹50 million and Pandya is still claiming that he purchased them for ₹15 million. BTW, some time previously Krunal Pandya was detained at the same airport. Krunal went a level higher. He just didn't declared the watches upon arrival. He was caught red handed and forced to pay a penalty. I am from India, and one thing that I can say with surety is that the customs department doesn't issue a notice to anyone unless they have concrete proof.
So both brothers have done same mistake and that too at same airport. One brother must learn from mistake of other brother but they didnt. I was reading that HH Pandya was not able to give proof of purchase of there watches to custom department. ICC must intervene and find out whats going on but I am sure they will surrender once again in front of might BCCI.