https://www.taxtmi.com/highlights?id=25968 Import of high end luxury cars from various foreign suppliers by mis-declaring as new - Undervaluation of goods - Appellant is a subsequent purchase of the car - the contention that valuation of the car and that the car is not an old car is not acceptable - redemption fine reduced to ₹ 5 lakhs - penalties set aside - AT en-us Wed, 18 Nov 2015 13:42:13 +0530 Wed, 18 Nov 2015 13:42:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=25968 Import of high end luxury cars from various foreign suppliers by mis-declaring as new - Undervaluation of goods - Appellant is a subsequent purchase of the car - the contention that valuation of the car and that the car is not an old car is not acceptable - redemption fine reduced to ₹ 5 lakhs - penalties set aside - AT Highlights Customs Wed, 18 Nov 2015 13:42:13 +0530 https://www.taxtmi.com/highlights?id=25968