https://www.taxtmi.com/caselaws?id=2565 Import of a new vehicle could not be denied exemption from licensing conditions without a proper examination of whether the prescribed type approval or conformity of production certificate was required and without giving the importer an opportunity to produce it; the matter was remitted for fresh consideration. The declared transaction value also could not be rejected merely by applying the list-price method where the importer had filed an invoice and supporting particulars and no adverse finding had been recorded on their genuineness; the transaction value was directed to be accepted for reassessment. Confiscation, redemption fine, and penalty were set aside, with the issue sent back for fresh decision. en-us Wed, 12 Sep 2007 00:00:00 +0530 Wed, 16 Apr 2008 09:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2565 Import of a new vehicle could not be denied exemption from licensing conditions without a proper examination of whether the prescribed type approval or conformity of production certificate was required and without giving the importer an opportunity to produce it; the matter was remitted for fresh consideration. The declared transaction value also could not be rejected merely by applying the list-price method where the importer had filed an invoice and supporting particulars and no adverse finding had been recorded on their genuineness; the transaction value was directed to be accepted for reassessment. Confiscation, redemption fine, and penalty were set aside, with the issue sent back for fresh decision. Case-Laws Customs Wed, 12 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2565