https://www.taxtmi.com/caselaws?id=34787 Declared transaction value was accepted for the imported car because there was no evidence that more than the invoice price had been paid and no basis to reject that value under the Customs Valuation Rules; the Revenue's challenge to abatement for extra fittings and refurbishments failed. The post-import 'no sale' restriction for two years was not sustained after confiscation and redemption, as the goods stood released from that trading condition once redemption was ordered. Confiscation remained upheld, while the reduced redemption fine and penalty were maintained. en-us Wed, 10 Sep 2008 00:00:00 +0530 Fri, 30 Oct 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34787 Declared transaction value was accepted for the imported car because there was no evidence that more than the invoice price had been paid and no basis to reject that value under the Customs Valuation Rules; the Revenue's challenge to abatement for extra fittings and refurbishments failed. The post-import 'no sale' restriction for two years was not sustained after confiscation and redemption, as the goods stood released from that trading condition once redemption was ordered. Confiscation remained upheld, while the reduced redemption fine and penalty were maintained. Case-Laws Customs Wed, 10 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34787