https://www.taxtmi.com/caselaws?id=76584 Where the declared invoice value of an imported used vehicle is supported by the invoice, bill of lading and other contemporaneous particulars, customs authorities cannot reject that value merely on suspicion. The Tribunal found the identity and description of the vehicle consistent with the documents, accepted the earlier valuation appreciation, and held that no sufficient ground existed to discard the declared price. The challenge to confiscation-related relief also failed because the basis for rejecting the valuation and disturbing the reduced redemption fine and penalty was absent. en-us Thu, 05 Mar 2009 00:00:00 +0530 Wed, 07 Jul 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76584 Where the declared invoice value of an imported used vehicle is supported by the invoice, bill of lading and other contemporaneous particulars, customs authorities cannot reject that value merely on suspicion. The Tribunal found the identity and description of the vehicle consistent with the documents, accepted the earlier valuation appreciation, and held that no sufficient ground existed to discard the declared price. The challenge to confiscation-related relief also failed because the basis for rejecting the valuation and disturbing the reduced redemption fine and penalty was absent. Case-Laws Customs Thu, 05 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76584