https://www.taxtmi.com/caselaws?id=74153 The Appellate Tribunal CEGAT, New Delhi, partly allowed the appeal concerning the valuation of an imported Toyota Starlet Car for customs duty assessment. The Tribunal ordered a reassessment based on the World Car Catalogue Price less 15% discount, rejecting the appellant's claim for additional discount on the invoice price. It upheld the inclusion of freight, insurance, and landing charges in the assessable value, denied the claim for depreciation, clarified the inclusion of additional customs duty, and upheld the separate assessment of the air-conditioner as an optional accessory. Consequential relief was granted based on the reassessment of the car's basic price. en-us Fri, 06 Jan 1989 00:00:00 +0530 Tue, 07 Jun 2011 11:02:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=74153 The Appellate Tribunal CEGAT, New Delhi, partly allowed the appeal concerning the valuation of an imported Toyota Starlet Car for customs duty assessment. The Tribunal ordered a reassessment based on the World Car Catalogue Price less 15% discount, rejecting the appellant's claim for additional discount on the invoice price. It upheld the inclusion of freight, insurance, and landing charges in the assessable value, denied the claim for depreciation, clarified the inclusion of additional customs duty, and upheld the separate assessment of the air-conditioner as an optional accessory. Consequential relief was granted based on the reassessment of the car's basic price. Case-Laws Customs Fri, 06 Jan 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=74153