https://www.taxtmi.com/caselaws?id=209712 Misdeclaration in imported vehicle particulars justified confiscation, but the facts did not support absolute confiscation. The valuation based on comparable model price, trade discount, depreciation, and additions for fittings and refurbishment was upheld because the importer failed to produce reliable contrary evidence. While confiscation remained sustainable, redemption was allowed on moderated terms: the redemption fine and penalty were reduced in view of the vehicle's prolonged departmental custody and the overall nature of the lapse. en-us Tue, 18 Oct 2011 00:00:00 +0530 Fri, 31 Aug 2012 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209712 Misdeclaration in imported vehicle particulars justified confiscation, but the facts did not support absolute confiscation. The valuation based on comparable model price, trade discount, depreciation, and additions for fittings and refurbishment was upheld because the importer failed to produce reliable contrary evidence. While confiscation remained sustainable, redemption was allowed on moderated terms: the redemption fine and penalty were reduced in view of the vehicle's prolonged departmental custody and the overall nature of the lapse. Case-Laws Customs Tue, 18 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209712