https://www.taxtmi.com/caselaws?id=85468 Customs valuation of an imported car required a higher depreciation rate of 52% because the car's age justified a larger allowance than that adopted below. No deduction was permitted for an alleged diplomatic discount, as there was no evidence that such a discount was generally available or claimable as of right. For the plain model, the base price was adjusted by deducting 20% from the deluxe model price, since the earlier 15% reduction was arbitrary and the valuation had to rest on a reasonable, evidence-based basis. The valuation order was modified accordingly, with only partial relief granted. en-us Thu, 23 May 1996 00:00:00 +0530 Fri, 05 Aug 2011 11:59:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85468 Customs valuation of an imported car required a higher depreciation rate of 52% because the car's age justified a larger allowance than that adopted below. No deduction was permitted for an alleged diplomatic discount, as there was no evidence that such a discount was generally available or claimable as of right. For the plain model, the base price was adjusted by deducting 20% from the deluxe model price, since the earlier 15% reduction was arbitrary and the valuation had to rest on a reasonable, evidence-based basis. The valuation order was modified accordingly, with only partial relief granted. Case-Laws Customs Thu, 23 May 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85468