https://www.taxtmi.com/caselaws?id=123506 Enhancement of assessable value for imported vehicles could not be sustained where the relied-upon specifications came from an unreliable trader source rather than a manufacturer, and the age of the vehicles supported the importers' challenge. Confiscation of left-hand drive vehicles was nevertheless upheld because the import contravened Chapter 87 licensing restrictions and attracted Sections 111(d) and 111(o) of the Customs Act, 1962. In light of the setting aside of valuation enhancement and the vehicles' age, the redemption fine and penalties were substantially reduced. en-us Wed, 19 Sep 2007 00:00:00 +0530 Fri, 14 Sep 2012 17:05:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123506 Enhancement of assessable value for imported vehicles could not be sustained where the relied-upon specifications came from an unreliable trader source rather than a manufacturer, and the age of the vehicles supported the importers' challenge. Confiscation of left-hand drive vehicles was nevertheless upheld because the import contravened Chapter 87 licensing restrictions and attracted Sections 111(d) and 111(o) of the Customs Act, 1962. In light of the setting aside of valuation enhancement and the vehicles' age, the redemption fine and penalties were substantially reduced. Case-Laws Customs Wed, 19 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123506