https://www.taxtmi.com/caselaws?id=757208 CESTAT Bangalore held that Section 124 of Customs Act, 1962 does not prescribe time limitation for issuance of SCN for confiscation or penalty. Appellant's plea of time-barred notice was rejected regarding tampering of chassis number and mis-declaration of manufacturing year of imported car. Mumbai Police report confirmed mis-declaration through chassis number tampering and incorrect value determination. Authorities correctly redetermined value at Rs.10,86,735 under Rule 5 of Customs Valuation Rules, 1988. Appeal partly allowed. en-us Wed, 26 Jun 2024 00:00:00 +0530 Tue, 20 Aug 2024 08:25:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757208 CESTAT Bangalore held that Section 124 of Customs Act, 1962 does not prescribe time limitation for issuance of SCN for confiscation or penalty. Appellant's plea of time-barred notice was rejected regarding tampering of chassis number and mis-declaration of manufacturing year of imported car. Mumbai Police report confirmed mis-declaration through chassis number tampering and incorrect value determination. Authorities correctly redetermined value at Rs.10,86,735 under Rule 5 of Customs Valuation Rules, 1988. Appeal partly allowed. Case-Laws Customs Wed, 26 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757208