1997 (9) TMI 276

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..... [Order per : P.C. Jain, Member (T)]. -  Matter called. None for the appellant who has sent an application requesting that the matter may be decided on the basis of available records. Accordingly, we have heard the learned JDR, Shri S.N. Ghosh for the Respondent-Commissioner. 2. Issue involved herein is about the valuation of Mercedes Benz Car imported by the appellant. Invoice....

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....e Player fitted in the Car had been assessed separately by evaluating them separately at Rs. 10,000.00 and Rs. 1,500.00 respectively. 3. The appellant has stated in its appeal memo that the Car being more than 4 (sic) years old, the depreciation of 46% which is given to four years old Car, is inadequate in the case of the present Car. It is also stated that invoice has been rejected withou....

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....nvoice, learned JDR, Shri Ghosh points out that adequate reasons have been given by the lower authorities, as set out above. He, therefore, submits that there is nothing wrong in assessing the value of the Car on the basis of Britain's Motor Guide. 6. We have carefully considered the submissions of the appellant as made in his appeal memo as also of the learned JDR, Shri Ghosh for the Resp....