Car imported into India remained “new” for customs purposes even if it was registered abroad before export eligible for 60% Concessional Duty

Jatin Ahuja Vs Commissioner of Customs (CESTAT Delhi) Conclusion: Car imported into India remained “new” for customs purposes even if it was registered abroad before export, provided the registration was a legal requirement and the car was unused, therefore, the question of demanding any duty short paid on account of re-determination of the assessable value did not arise. Held: Assessee had imported a Bentley Flying Spur Automatic from the United Kingdom in October 2009 for personal use. The declared value was Rs. 73.84 lakh, based on an invoice from A.K. International (IE) Ltd., UK, quot...