https://www.taxtmi.com/caselaws?id=114342 The judgment upheld the confiscation of cars, penalties on the importers, and clarified the liability for differential duty, ensuring comprehensive resolution of the issues involved. The duty demand was revised based on Tourist Price Lists, and a consolidated penalty of Rs. 60 lakhs was imposed on Mr. Futehally for his role in fraudulent imports. The settlements under the Kar Vivad Samadhan Scheme did not affect the penalties on Mr. Futehally and the importers, as determined by the court. en-us Fri, 02 Jul 2004 00:00:00 +0530 Mon, 14 May 2012 18:14:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114342 The judgment upheld the confiscation of cars, penalties on the importers, and clarified the liability for differential duty, ensuring comprehensive resolution of the issues involved. The duty demand was revised based on Tourist Price Lists, and a consolidated penalty of Rs. 60 lakhs was imposed on Mr. Futehally for his role in fraudulent imports. The settlements under the Kar Vivad Samadhan Scheme did not affect the penalties on Mr. Futehally and the importers, as determined by the court. Case-Laws Customs Fri, 02 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114342