2014 (1) TMI 1745 - SCH - Customs

Import of a new Ferrari Car F430, Fi Coupe - classification - order of the Settlement Commission - High Court held that car imported is a new car and applied the exemption Notification No. 21/2002-Cus. correctly reported in 2013 (7) TMI 28 - MADRAS HIGH COURT - Revenue here submitted that vehicle in question, prior to its import in our country had been registered in U.K., therefore, the Notification dated 01/03/2002 was not applicable - Apex Court orderd to issue notice on the application for condonation of delay as well as on the Special Leave Petition

Summary

The Supreme Court judgment in 2014 (1) TMI 1745 stated that Notification No.21/2002-Cus was not applicable to a vehicle imported into India from the UK. The court issued notice on the application for condonation of delay and the Special Leave Petition.