1996 (7) TMI 290

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.... Sankararaman, Member (T)].  The appeal by the appellant, Shri S.R. Chanan is directed against the Order-in-Appeal dated 12-11-1990 passed by the Collector of Customs (Appeals), New Delhi rejecting their appeal before him and confirming the Order-in-Original passed by the Asstt. Collector of Customs, New Delhi. The Asstt. Collector had, vide his impugned Order rejected the declared invoice....

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....of decisions relating to assessment of second hand cars. 3. We have taken note of the submissions contained in the letter from the ld. Counsel. We have also considered the submissions made by the ld. JDR, Mr. M. Ali. He stated that originally the appellants had not disclosed the freight incurred in importing the car into India. The Custom House had ascertained the freight rate from Shippin....

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....depreciation actually allowed is 46% apparently limiting it to this level on the basis of certain executive instructions which were in force at the relevant time. It was clarified by Mr. Ali, ld. JDR that the maximum quantum of depreciation allowed in respect of second hand cars at the material time was only 46% and it was only later on that the Government issued instructions that the higher quant....