https://www.taxtmi.com/caselaws?id=93284 The Commissioner (Appeals) upheld the decision that the imported tyres were not freely importable without a license under the EXIM Policy as they were not classified as bus or truck tyres. The Commissioner found discrepancies in declared prices and confiscated the tyres, imposing fines and valuing them based on catalogue prices. The Tribunal determined that some tyres were for trucks while others were for cars, accepting the declared transaction value and remanding the matter for determining the redemption fine and penalty. The appeal was disposed of accordingly. en-us Mon, 17 Apr 2000 00:00:00 +0530 Wed, 09 Nov 2011 16:33:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93284 The Commissioner (Appeals) upheld the decision that the imported tyres were not freely importable without a license under the EXIM Policy as they were not classified as bus or truck tyres. The Commissioner found discrepancies in declared prices and confiscated the tyres, imposing fines and valuing them based on catalogue prices. The Tribunal determined that some tyres were for trucks while others were for cars, accepting the declared transaction value and remanding the matter for determining the redemption fine and penalty. The appeal was disposed of accordingly. Case-Laws Customs Mon, 17 Apr 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93284