https://www.taxtmi.com/caselaws?id=3312 Import of a vehicle was treated as involving mitigation in the quantum of redemption fine and penalty where the vehicle was found to be new, unused and unregistered, and the record showed that it became a complete marketable consumer product only after the seating arrangement was fitted in Thailand. The declared value was accepted by the adjudicating authority, and the licensing position under Chapter 87 was considered relevant to the import. On that basis, the original fine and penalty were regarded as harsh and excessive, and the amounts were reduced in favour of the assessee. en-us Mon, 29 Oct 2007 00:00:00 +0530 Wed, 16 Apr 2008 17:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3312 Import of a vehicle was treated as involving mitigation in the quantum of redemption fine and penalty where the vehicle was found to be new, unused and unregistered, and the record showed that it became a complete marketable consumer product only after the seating arrangement was fitted in Thailand. The declared value was accepted by the adjudicating authority, and the licensing position under Chapter 87 was considered relevant to the import. On that basis, the original fine and penalty were regarded as harsh and excessive, and the amounts were reduced in favour of the assessee. Case-Laws Customs Mon, 29 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3312