https://www.taxtmi.com/caselaws?id=85108 The appeal was rejected, confirming the lower authorities' decision to assess the vessel at U.S. $96 per LDT for customs duty purposes. The remission of duty was granted for the full value of stolen goods amounting to Rs. 7,05,000. The claims for depreciation and reconditioning costs of the vessel were dismissed as irrelevant for assessing a vessel meant for scrapping. The lower authorities' approach and assessment were upheld as correct and justified. en-us Fri, 29 Mar 1996 00:00:00 +0530 Tue, 02 Aug 2011 17:36:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85108 The appeal was rejected, confirming the lower authorities' decision to assess the vessel at U.S. $96 per LDT for customs duty purposes. The remission of duty was granted for the full value of stolen goods amounting to Rs. 7,05,000. The claims for depreciation and reconditioning costs of the vessel were dismissed as irrelevant for assessing a vessel meant for scrapping. The lower authorities' approach and assessment were upheld as correct and justified. Case-Laws Customs Fri, 29 Mar 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85108