https://www.taxtmi.com/caselaws?id=81564 The Tribunal overturned the Collector (Appeals)'s decision on the assessable value of an imported Volvo Saloon Car, directing reassessment based on the World Car Catalogue price instead of the retail price. It deemed the depreciation percentage of 55% appropriate and considered freight charges from the country of manufacture. The Tribunal set aside the original order, remanding the case for reassessment by the Assistant Collector with an opportunity for the appellants to submit additional evidence. en-us Mon, 07 Oct 1991 00:00:00 +0530 Mon, 27 Jun 2011 15:17:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=81564 The Tribunal overturned the Collector (Appeals)'s decision on the assessable value of an imported Volvo Saloon Car, directing reassessment based on the World Car Catalogue price instead of the retail price. It deemed the depreciation percentage of 55% appropriate and considered freight charges from the country of manufacture. The Tribunal set aside the original order, remanding the case for reassessment by the Assistant Collector with an opportunity for the appellants to submit additional evidence. Case-Laws Customs Mon, 07 Oct 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=81564