https://www.taxtmi.com/caselaws?id=204390 The appellate tribunal upheld the penalty imposed on the appellant for misdeclaration of luxury motor vehicles under Sections 112(a) and 112(b) of the Customs Act, 1962. The appellant's involvement in importing, possessing, and selling the vehicle within two years of import was established, leading to the rejection of the appeal. The judgment emphasized the need to assess factual circumstances and transactions to determine liability under the Customs Act. en-us Wed, 29 Sep 2010 00:00:00 +0530 Wed, 05 Jun 2013 14:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204390 The appellate tribunal upheld the penalty imposed on the appellant for misdeclaration of luxury motor vehicles under Sections 112(a) and 112(b) of the Customs Act, 1962. The appellant's involvement in importing, possessing, and selling the vehicle within two years of import was established, leading to the rejection of the appeal. The judgment emphasized the need to assess factual circumstances and transactions to determine liability under the Customs Act. Case-Laws Customs Wed, 29 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204390