https://www.taxtmi.com/caselaws?id=90179 Misdeclaration in the import declaration was found where the motor car was described as a 1980 200D model, but the record showed a 1983 240D model. No evidence supported the claim that the car had been in the importer's use and possession for more than one year, so the transfer of residence condition under the Import Export Policy 1992-97 was not satisfied. Confiscation and penalty were therefore upheld. On valuation, the car was treated as a 1983 make imported in January 1993, and higher depreciation of 70% was allowed instead of 46%, giving the importer partial relief. en-us Tue, 08 Sep 1998 00:00:00 +0530 Tue, 04 Oct 2011 12:06:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90179 Misdeclaration in the import declaration was found where the motor car was described as a 1980 200D model, but the record showed a 1983 240D model. No evidence supported the claim that the car had been in the importer's use and possession for more than one year, so the transfer of residence condition under the Import Export Policy 1992-97 was not satisfied. Confiscation and penalty were therefore upheld. On valuation, the car was treated as a 1983 make imported in January 1993, and higher depreciation of 70% was allowed instead of 46%, giving the importer partial relief. Case-Laws Customs Tue, 08 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90179