TMI Blog2014 (6) TMI 545X X X X Extracts X X X X X X X X Extracts X X X X ..... ccording 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 justi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the car imported and no examination of relevant fact was done by the learned Commissioner in that regard. Therefore the Committee of Chief Commissioners who examined the adjudication order opined that prejudice was caused to revenue. Value of the car was determined at Rs. 41,23,379.80. The difference of duty of Rs.43,95,269.14 was payable by the importer respondent. Therefore revenue prays that th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... against it filed by Revenue. Therefore taking assistance of Revenue we have considered all the grounds of appeal of revenue which convinces us to hold that the 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 reve ..... X X X X Extracts X X X X X X X X Extracts X X X X
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