https://www.taxtmi.com/caselaws?id=53448 Where the department fails to substantiate the assessable value of an imported used vehicle with reliable evidence, valuation may be determined on a best-judgment basis from the available material, including the vehicle's age, make, model and any supporting certificate. The declared insurance value was not treated as conclusive, but the record also lacked expert examination or seller-based support for the higher figure. On that basis, the assessable value was reduced and duty recomputed accordingly. Redemption fine and penalty were left undisturbed. en-us Wed, 13 Oct 2004 00:00:00 +0530 Wed, 13 Oct 2010 14:03:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53448 Where the department fails to substantiate the assessable value of an imported used vehicle with reliable evidence, valuation may be determined on a best-judgment basis from the available material, including the vehicle's age, make, model and any supporting certificate. The declared insurance value was not treated as conclusive, but the record also lacked expert examination or seller-based support for the higher figure. On that basis, the assessable value was reduced and duty recomputed accordingly. Redemption fine and penalty were left undisturbed. Case-Laws Customs Wed, 13 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53448