https://www.taxtmi.com/caselaws?id=239210 The Tribunal allowed the appeals, setting aside the impugned order denying concessional customs duty for the imported Ferrari car. It held that the car should be considered new based on transaction history and lack of evidence of prior registration and use. The decision aligned with legal precedents and import licensing notes, granting consequential relief to the appellants and overturning the penalties and confiscation imposed. en-us Tue, 05 Mar 2013 00:00:00 +0530 Thu, 07 Nov 2013 11:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239210 The Tribunal allowed the appeals, setting aside the impugned order denying concessional customs duty for the imported Ferrari car. It held that the car should be considered new based on transaction history and lack of evidence of prior registration and use. The decision aligned with legal precedents and import licensing notes, granting consequential relief to the appellants and overturning the penalties and confiscation imposed. Case-Laws Customs Tue, 05 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239210