https://www.taxtmi.com/caselaws?id=81267 Imported second-hand cars were valued for customs duty by taking the ex-factory price from the World Car Catalogue and then allowing deductions for trade discount and Value Added Tax. The Delhi Custom House practice was accepted as the proper valuation basis, and deduction of VAT was not opposed. The car was therefore to be re-assessed in line with that method, using the catalogue price as adjusted by the recognised deductions. en-us Fri, 22 Mar 1991 00:00:00 +0530 Thu, 23 Jun 2011 15:03:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=81267 Imported second-hand cars were valued for customs duty by taking the ex-factory price from the World Car Catalogue and then allowing deductions for trade discount and Value Added Tax. The Delhi Custom House practice was accepted as the proper valuation basis, and deduction of VAT was not opposed. The car was therefore to be re-assessed in line with that method, using the catalogue price as adjusted by the recognised deductions. Case-Laws Customs Fri, 22 Mar 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=81267