https://www.taxtmi.com/caselaws?id=182302 The case involved the classification of an imported vehicle as new or used, denial of benefits under a specific notification, levy of differential duty and interest, confiscation of the vehicle, imposition of penalties, and adjustment of security deposits. The Bench ruled in favor of the customs authorities, ordering the payment of settled customs duty, interest, and a penalty. The vehicle was to be confiscated but could be redeemed upon payment of a fine. The applicant was granted immunity from prosecution under the Customs Act, and conditions were set for the release of the bank guarantee/bond. en-us Mon, 08 Dec 2014 00:00:00 +0530 Sat, 07 May 2016 10:29:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182302 The case involved the classification of an imported vehicle as new or used, denial of benefits under a specific notification, levy of differential duty and interest, confiscation of the vehicle, imposition of penalties, and adjustment of security deposits. The Bench ruled in favor of the customs authorities, ordering the payment of settled customs duty, interest, and a penalty. The vehicle was to be confiscated but could be redeemed upon payment of a fine. The applicant was granted immunity from prosecution under the Customs Act, and conditions were set for the release of the bank guarantee/bond. Case-Laws Customs Mon, 08 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182302