https://www.taxtmi.com/caselaws?id=91597 The Appellate Tribunal partially allowed the department's appeal challenging the depreciation percentage granted to the appellant. The Tribunal confirmed the value addition for luxury items in the Grand Luxury car but reduced the depreciation percentage for a car used for more than 4 years. It restricted the depreciation to 10% based on the actual condition of the car at the time of import. The Tribunal upheld the addition of notional freight as per the ordinary mode of transport. The appeal was partially allowed with consequential relief in accordance with the law. en-us Thu, 22 Jan 1998 00:00:00 +0530 Wed, 19 Oct 2011 15:09:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=91597 The Appellate Tribunal partially allowed the department's appeal challenging the depreciation percentage granted to the appellant. The Tribunal confirmed the value addition for luxury items in the Grand Luxury car but reduced the depreciation percentage for a car used for more than 4 years. It restricted the depreciation to 10% based on the actual condition of the car at the time of import. The Tribunal upheld the addition of notional freight as per the ordinary mode of transport. The appeal was partially allowed with consequential relief in accordance with the law. Case-Laws Customs Thu, 22 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=91597