https://www.taxtmi.com/caselaws?id=47204 The Supreme Court allowed the civil appeals, setting aside the order that relied on the depreciation method for determining the assessable value of imported machinery. The Court directed that the assessable value should be based on the invoice value of all six imported machines, emphasizing the importance of considering the transaction value and acceptability of the declared value. The Tribunal's inconsistent decision was criticized, leading to the decision in favor of using invoice value for customs duty assessment. en-us Wed, 03 Nov 1999 00:00:00 +0530 Wed, 22 Oct 2014 16:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=47204 The Supreme Court allowed the civil appeals, setting aside the order that relied on the depreciation method for determining the assessable value of imported machinery. The Court directed that the assessable value should be based on the invoice value of all six imported machines, emphasizing the importance of considering the transaction value and acceptability of the declared value. The Tribunal's inconsistent decision was criticized, leading to the decision in favor of using invoice value for customs duty assessment. Case-Laws Customs Wed, 03 Nov 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=47204