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2009 (3) TMI 478 - CESTAT, BANGALOREValuation- Invoice Value- The lower authority proceeded against the respondent for non-fulfillment of the pre-import condition of minimum one year possession and use abroad. Moreover, the credibility of invoice was also doubted. The invoice did not contain important details like year of manufacture, odometer reading, specification of the vehicle, etc. which are normally available in all transactions related to car. Hence, the lower authority confiscated the car valued at Rs. 7,73,893/- under Section 111(d) of the Customs Act read with Section 3(3) of the FT (D&R) Act, 1992. However, redemption option was given on payment of Rs. 2,00,000/- and personal penalty of Rs. 1,00,000/- was imposed. Commissioner (Appeals) reduce the redemption fine and penalty to Rs. 1,00,000/- and Rs. 50,000/- respectively. Held that- We do not find any infirmity in his order. In these circumstances, we reject revenue’s appeal.
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