https://www.taxtmi.com/caselaws?id=450119 An imported car was treated as new for exemption purposes where first check examination showed only 121 km and the record did not prove actual prior use abroad; mere registration in the UAE was regarded as a technical formality and insufficient to classify the vehicle as used. The declared transaction value could not be rejected because the adjudicating authority gave no cogent reasons to doubt it and relied on an Australian website price without proper contemporaneous comparable imports; in the absence of evidence of undervaluation, enhancement of assessable value was unsustainable. en-us Mon, 26 Feb 2024 00:00:00 +0530 Wed, 28 Feb 2024 08:35:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450119 An imported car was treated as new for exemption purposes where first check examination showed only 121 km and the record did not prove actual prior use abroad; mere registration in the UAE was regarded as a technical formality and insufficient to classify the vehicle as used. The declared transaction value could not be rejected because the adjudicating authority gave no cogent reasons to doubt it and relied on an Australian website price without proper contemporaneous comparable imports; in the absence of evidence of undervaluation, enhancement of assessable value was unsustainable. Case-Laws Customs Mon, 26 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450119