https://www.taxtmi.com/caselaws?id=32114 Where imports of motor cars under the Transfer of Residence facility were already found liable to confiscation and penalty, the post-import 'no sale' stipulation was not enforced in the manner urged by Revenue, and the challenge failed. Declared transaction value could not be enhanced by adding refurbishing charges for worn-out parts, tyres, paint and upholstery when the transaction value was available and no valid ground for rejection existed, so the exclusion was upheld. In a separate appeal, the importer's admitted payment to the foreign dealer was treated as the actual transaction value for customs assessment, and duty was recalculated on that basis without enhancement of fine or penalty. en-us Fri, 11 Jul 2008 00:00:00 +0530 Thu, 15 Jan 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32114 Where imports of motor cars under the Transfer of Residence facility were already found liable to confiscation and penalty, the post-import 'no sale' stipulation was not enforced in the manner urged by Revenue, and the challenge failed. Declared transaction value could not be enhanced by adding refurbishing charges for worn-out parts, tyres, paint and upholstery when the transaction value was available and no valid ground for rejection existed, so the exclusion was upheld. In a separate appeal, the importer's admitted payment to the foreign dealer was treated as the actual transaction value for customs assessment, and duty was recalculated on that basis without enhancement of fine or penalty. Case-Laws Customs Fri, 11 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32114