https://www.taxtmi.com/caselaws?id=50497 The Tribunal upheld the lower appellate authority's decision, ruling that depreciation on the original value from Iraq was the correct method of valuation as there was no sale involved in the transfer of goods. Additionally, the benefit of Notification No. 220/90-Cus. could not be extended as it was not in force at the time of presenting the Bill of Entry. Consequently, the appeal was dismissed, and the impugned order was upheld. en-us Mon, 28 May 2001 00:00:00 +0530 Mon, 23 Aug 2010 10:56:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50497 The Tribunal upheld the lower appellate authority's decision, ruling that depreciation on the original value from Iraq was the correct method of valuation as there was no sale involved in the transfer of goods. Additionally, the benefit of Notification No. 220/90-Cus. could not be extended as it was not in force at the time of presenting the Bill of Entry. Consequently, the appeal was dismissed, and the impugned order was upheld. Case-Laws Customs Mon, 28 May 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50497