1991 (3) TMI 264

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....Member (T)]. - The appellant who was posted as First Secretary in the Embassy of India, Kabul purchased a second-hand Mercedez Benz Car (1975 Model) from the Embassy of Bulgaria, Kabul on 12-11-1985 for a price of US $ 4500. On his return to India in 1988, the Customs authorities at Air Cargo Complex, New Delhi did not accept the price at which the appellant had purchased the car, but valued it ....

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....o take the ex-factory price as given in the World Car Catalogue and to allow a deduction of 15% on account of trade discount from such price, and thereafter, to allow a deduction on account of VAT wherever the price of the car is indicated with an asterisk mark. It has been stated in the letter dated 23-5-1989 that the then existing rate of VAT in case of West Germany was 14%. The appellant has pr....