https://www.taxtmi.com/caselaws?id=346086 The court upheld the rejection of the assessable value of the Toyota Land Cruiser Prado, imposing a differential duty under the Customs Act. The imported vehicle was confiscated due to misdeclaration, with an option for redemption by paying a fine. Penalties were imposed on individuals involved in the import and subsequent transactions. The judgment emphasized the penalties for deliberate mis-declaration and fraud, holding subsequent buyers liable for not verifying the legality of the import. The court differentiated this case from others, affirming the penalties imposed on the appellants for violating Customs Act provisions. en-us Fri, 28 Jul 2017 00:00:00 +0530 Sat, 16 Sep 2017 17:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346086 The court upheld the rejection of the assessable value of the Toyota Land Cruiser Prado, imposing a differential duty under the Customs Act. The imported vehicle was confiscated due to misdeclaration, with an option for redemption by paying a fine. Penalties were imposed on individuals involved in the import and subsequent transactions. The judgment emphasized the penalties for deliberate mis-declaration and fraud, holding subsequent buyers liable for not verifying the legality of the import. The court differentiated this case from others, affirming the penalties imposed on the appellants for violating Customs Act provisions. Case-Laws Customs Fri, 28 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346086