2007 (10) TMI 121

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.... (T)]- When the case came up for final hearing on 29/10/2007, the learned advocate of the appellants submitted that he is not pressing any 'Grounds of Appeal' as contained in the appeal memorandum, but pleads that the redemption fine and penalty be pegged at the pre-deposit amount ordered by the Tribunal vide Stay Order dated 08/10/2007.  He relied upon this Tribunal's order No. A/1317/C-1V/S....

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....d after carrying out certain alterations in the seating arrangements in the car, sold it to the appellants at US $ 51,520/- (Rs. 22,09,811/-). 4. We have perused the certificate dated 27/10/2007 issued by M/s. Toyota K. Motors - Toyota's Dealer Co. Ltd., Bangkok, which states as under: "We certify that vehicles, so called "TOHOTA HIACE COMMUTER" and "TOYOTA VENTURY MAJESTY", of Thailand orig....

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.... fact that the car has been found to be new, unused and unregistered. There is also substantial value addition after such alterations. 5. We have also noted that the Commissioner has admitted that value declared by the appellants as fair and acceptable.  In the order portion, he has observed that similar vehicles are already plying on the roads and in respect of such vehicles, conditions o....