https://www.taxtmi.com/caselaws?id=236991 Declared value of an imported vehicle cannot be rejected on allegations of optional accessories or contemporaneous imports without concrete supporting evidence, and a comparison with imports from a different country is not a proper basis for undervaluation. The vehicle cannot be treated as old and used, or denied exemption under Notification No. 21/2002, unless prior registration or actual use abroad is proved. Mere arrangement of funds for customs duty, without proof of participation in the offence, does not attract penalty under the Customs Act. en-us Tue, 30 Oct 2012 00:00:00 +0530 Sat, 14 Sep 2013 12:10:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236991 Declared value of an imported vehicle cannot be rejected on allegations of optional accessories or contemporaneous imports without concrete supporting evidence, and a comparison with imports from a different country is not a proper basis for undervaluation. The vehicle cannot be treated as old and used, or denied exemption under Notification No. 21/2002, unless prior registration or actual use abroad is proved. Mere arrangement of funds for customs duty, without proof of participation in the offence, does not attract penalty under the Customs Act. Case-Laws Customs Tue, 30 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236991