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2019 (6) TMI 221 - AT - CustomsValuation of imported goods - Toyota Land Cruiser Prado - rejection of value under Rule 12 of Customs Valuation Rules, 2007 - Confiscation of imported vehicle - HELD THAT:- The original adjudicating authority has simply rejected the value under Rule 12 of Customs Valuation Rules, 2007 but have not given any reasons for not proceeding sequentially as per Customs Valuation Rules, 2007 and particularly as to why the contemporaneous values as submitted by the appellants was rejected - Commissioner (A) has found that the invoice mentions the vehicle name, chassis number, engine number, model number etc. Therefore, the rejection of the invoice without proper basis is incorrect - the value arrived at by the authorities is not justified. Violation of the condition that the vehicle was to be in the possession of importer for a period of one year - HELD THAT:- The importer has accepted that he has violated the provisions. For the same reason, the vehicle was seized and confiscated and however, the same was realized on payment of fine in lieu of confiscation. Once, the vehicle is allowed to be released on payment of fine in lieu of confiscation, the violations, if any, has been atoned. Appeal dismissed - decided against Revenue.
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