https://www.taxtmi.com/caselaws?id=325285 The Tribunal found the appellant to be a bona fide purchaser of a luxury car imported under false pretenses. Despite the car being liable for confiscation, the Tribunal reduced the redemption fine to Rs. 3,50,000 and imposed no penalties on the appellant, as they had acquired the car in good faith after Customs clearance. en-us Wed, 21 Oct 2015 00:00:00 +0530 Wed, 16 Mar 2016 10:08:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325285 The Tribunal found the appellant to be a bona fide purchaser of a luxury car imported under false pretenses. Despite the car being liable for confiscation, the Tribunal reduced the redemption fine to Rs. 3,50,000 and imposed no penalties on the appellant, as they had acquired the car in good faith after Customs clearance. Case-Laws Customs Wed, 21 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325285