https://www.taxtmi.com/caselaws?id=102210 Customs valuation of an imported used car could not be enhanced without prior notice, disclosure of the material relied on, and observance of the prescribed valuation procedure; the declared value was therefore accepted as the proper value. At the same time, breach of the import conditions in the public notice relating to engine capacity and period of possession justified confiscation under customs law. The redemption fine and penalty were reduced on the facts, including the subsequent burden of demurrage, but confiscation itself was sustained for non-compliance with the import conditions. en-us Thu, 14 Oct 1999 00:00:00 +0530 Tue, 14 Feb 2012 10:50:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102210 Customs valuation of an imported used car could not be enhanced without prior notice, disclosure of the material relied on, and observance of the prescribed valuation procedure; the declared value was therefore accepted as the proper value. At the same time, breach of the import conditions in the public notice relating to engine capacity and period of possession justified confiscation under customs law. The redemption fine and penalty were reduced on the facts, including the subsequent burden of demurrage, but confiscation itself was sustained for non-compliance with the import conditions. Case-Laws Customs Thu, 14 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102210