https://www.taxtmi.com/caselaws?id=268648 Depreciation on imported used cranes had to be considered under the applicable Board circular governing valuation of used machinery, and the adjudicating authority could not reject that plea without proper examination of the appellants' other submissions. The declared value had been discarded on the basis of a chartered engineer's ascertainment, but the Tribunal found that the circular on depreciation was required to be followed. The impugned order was set aside and the matter remanded for fresh adjudication. en-us Tue, 05 May 2015 00:00:00 +0530 Mon, 30 Nov 2015 12:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268648 Depreciation on imported used cranes had to be considered under the applicable Board circular governing valuation of used machinery, and the adjudicating authority could not reject that plea without proper examination of the appellants' other submissions. The declared value had been discarded on the basis of a chartered engineer's ascertainment, but the Tribunal found that the circular on depreciation was required to be followed. The impugned order was set aside and the matter remanded for fresh adjudication. Case-Laws Customs Tue, 05 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268648