Valuation of Azimut 68 Yacht Upheld; Lack of Purchase Evidence Justifies Duty and Interest u/r 9, Confiscation u/s 111(l.

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....Valuation of imported goods - Brand New Azimut 68 Motor Yacht with Accessories - the appellant had not submitted any documentary evidences with regard to the purchase of the said goods and accordingly, the determination of the value of such goods under Rule 9 ibid is justified and thus, cannot be interfered with at this juncture. Therefore, the differential duty along with interest in the impugned order on the said goods is proper and justified and are liable for confiscation under Section 111 (l) ibid. - AT....