https://www.taxtmi.com/caselaws?id=780342 CESTAT, ND (AT) allowed the appeal, holding the imported Bentley was a new car despite prior UK registration and thus entitled to the concessional duty under the Notification. The Tribunal found the department unjustified in rejecting the declared invoice value under Rule 12 (and in re-determination under Rule 3) of the 2007 Valuation Rules. Consequently, demands for short-paid duty, interest, penalties under Sections 112(a) and 114AA, and confiscation were set aside and the impugned order of the Principal Commissioner dated 12.05.2016 was quashed. en-us Fri, 08 Aug 2025 00:00:00 +0530 Wed, 29 Oct 2025 08:16:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780342 CESTAT, ND (AT) allowed the appeal, holding the imported Bentley was a new car despite prior UK registration and thus entitled to the concessional duty under the Notification. The Tribunal found the department unjustified in rejecting the declared invoice value under Rule 12 (and in re-determination under Rule 3) of the 2007 Valuation Rules. Consequently, demands for short-paid duty, interest, penalties under Sections 112(a) and 114AA, and confiscation were set aside and the impugned order of the Principal Commissioner dated 12.05.2016 was quashed. Case-Laws Customs Fri, 08 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780342