https://www.taxtmi.com/caselaws?id=328751 The High Court upheld the decision of the Customs & Central Excise Settlement Commission ("CCESC") in a case involving fraudulent import of luxury cars. The Court found the CCESC's decision to grant benefits under Customs Notification No. 21/2002-Customs, re-determine assessable value, and settle customs duty was valid. The judgment emphasized the classification of imported cars as new or second hand based on registration and manufacturing dates. The Court rejected challenges to the CCESC's orders on interest, penalty, fine, and immunity from prosecution, disposing of the writ petition accordingly. en-us Wed, 01 Jun 2016 00:00:00 +0530 Sat, 12 Nov 2016 13:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328751 The High Court upheld the decision of the Customs & Central Excise Settlement Commission ("CCESC") in a case involving fraudulent import of luxury cars. The Court found the CCESC's decision to grant benefits under Customs Notification No. 21/2002-Customs, re-determine assessable value, and settle customs duty was valid. The judgment emphasized the classification of imported cars as new or second hand based on registration and manufacturing dates. The Court rejected challenges to the CCESC's orders on interest, penalty, fine, and immunity from prosecution, disposing of the writ petition accordingly. Case-Laws Customs Wed, 01 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328751