1999 (9) TMI 535

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....per : C.N.B. Nair, Member (T)]. - The dispute relates to the valuation, redemption fine and penalty levied on BMW car imported by the appellant. It has been submitted that the valuation of the car should have been made based on the list price of the manufacturer after giving eligible deductions towards depreciation. According to the list price made available by the appellant, the price of the ca....