1999 (9) TMI 535 - AT - Customs

Summary

The dispute involved the valuation, redemption fine, and penalty on a BMW car imported by the appellant. The Customs authorities valued the car at lb7299.00, including local taxes, while the appellant argued it should be lb4761.54 based on the manufacturer's list price. The Appellate Tribunal found the valuation was done erroneously without justification, so the case was remanded for a fresh decision based on normal valuation practices. The original orders were set aside.