2004 (10) TMI 164

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....this appeal, the appellants have contested the demand of Custom duty of Rs. 1,79,999/- raised against her through impugned order. 2. The ld. counsel has contended that the car brought by the appellant to India under the Carnet Scheme without payment of any Custom duty on 8-10-2001, in terms of Notification No. 296/76-Cus., dated 2-8-1976, is of 1983 model and its assessable value had wrongly de....

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....ck the car. The car was accordingly ordered to be confiscated. 5. The assessable value of the car as Rs. 99,023/- had been arrived at by the authorities below, in our view, without any tangible and concrete evidence. The value of the car declared for the purposes of insurance by the appellant could not be taken as the assessable value for the purpose of Customs duty. The car was never got exami....