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2014 (6) TMI 545 - CESTAT NEW DELHIViolation of the EXIM Policy - Confiscation of goods - Redemption fine and penalty - Held that:- old car imported with lot of modification and without the Type Approval Certificate/ COP from international accredited agency was in contravention of the import policy. When the car was liable to confiscation and the value according to revenue was Rs. 41,23,379.80 for the peculiar circumstance and factors mentioned above, the value of the car is determined to be at Rs. 41,23,379.80 and duty of Rs. 43,95,269.14 is leviable. Considering that there was mis-declaration and suppression of value of the car, imposing the redemption fine of Rs. 10 lakhs shall be justified. Similarly penalty of Rs. 5 lakhs would also be justified - Following decision of Commissioner of Customs vs. Jaspreet Singh Jolly [2012 (10) TMI 654 - DELHI HIGH COURT] - Decided in favour of Revenue.
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