https://www.taxtmi.com/caselaws?id=439024 Declared transaction value could not be rejected and re-determined merely by reference to a manufacturer's website or other external market values where the show cause notice and evidence did not support any alternative assessable value or additional consideration. The imported vehicle was found to be new, based on contemporaneous documents and physical examination, so denial of the benefit under Notification No. 21/2002-Cus was unwarranted. On those facts, confiscation, redemption fine, and penalty were unsustainable, and the declared value and exemption benefit were upheld. en-us Wed, 10 May 2023 00:00:00 +0530 Thu, 15 Jun 2023 08:01:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439024 Declared transaction value could not be rejected and re-determined merely by reference to a manufacturer's website or other external market values where the show cause notice and evidence did not support any alternative assessable value or additional consideration. The imported vehicle was found to be new, based on contemporaneous documents and physical examination, so denial of the benefit under Notification No. 21/2002-Cus was unwarranted. On those facts, confiscation, redemption fine, and penalty were unsustainable, and the declared value and exemption benefit were upheld. Case-Laws Customs Wed, 10 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439024