https://www.taxtmi.com/caselaws?id=90952 The Tribunal set aside the Order-in-Original confiscating an imported car under the Customs Act, emphasizing the need for reevaluation of the vehicle's valuation. The appellant's explanation of the import history was upheld, with the Tribunal favoring the credible evidence provided. The decision stressed the significance of credible evidence and proper valuation methods in customs cases, ruling that the car was not liable for confiscation due to the lack of proper depreciation calculation and the appellant's possession of the vehicle in UAE since 1989. en-us Tue, 13 Apr 1999 00:00:00 +0530 Wed, 12 Oct 2011 17:37:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90952 The Tribunal set aside the Order-in-Original confiscating an imported car under the Customs Act, emphasizing the need for reevaluation of the vehicle's valuation. The appellant's explanation of the import history was upheld, with the Tribunal favoring the credible evidence provided. The decision stressed the significance of credible evidence and proper valuation methods in customs cases, ruling that the car was not liable for confiscation due to the lack of proper depreciation calculation and the appellant's possession of the vehicle in UAE since 1989. Case-Laws Customs Tue, 13 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90952