https://www.taxtmi.com/caselaws?id=52654 The Tribunal allowed the appeal in favor of the appellant, setting aside the lower authorities' decision to assess the imported car's value based on the manufacturer's list price. The Tribunal remanded the case for re-determination of the customs value using the purchase price as the basis, considering the car's discontinuation and allowing for depreciation and additional alterations. The Tribunal acknowledged the challenges in valuing used cars and accepted the appellant's argument that the purchase price should be the transaction value, as the car was not sold for export to India but purchased in Dubai and later imported. en-us Fri, 02 Jan 2004 00:00:00 +0530 Thu, 07 Oct 2010 10:32:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52654 The Tribunal allowed the appeal in favor of the appellant, setting aside the lower authorities' decision to assess the imported car's value based on the manufacturer's list price. The Tribunal remanded the case for re-determination of the customs value using the purchase price as the basis, considering the car's discontinuation and allowing for depreciation and additional alterations. The Tribunal acknowledged the challenges in valuing used cars and accepted the appellant's argument that the purchase price should be the transaction value, as the car was not sold for export to India but purchased in Dubai and later imported. Case-Laws Customs Fri, 02 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52654