2002 (1) TMI 344

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....e Respondent. [Order per : C.N.B. Nair, Member (T)]. -  The dispute raised in this appeal relates to valuation of Toyota Land Cruiser Prado imported by the appellant. The vehicle was purchased second hand by the appellant from the dealer at Dubai. The appellant sought assessment of the car to customs duty based on the transaction value. As against this, the impugned orders have assessed....

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....estion. He has submitted that the Parkers Guide price could not constitute the basis for assessment of the car inasmuch as that price was the price in a third country, namely, England and the price is high on account of several factors like local taxes and levies. The appellant has also submitted that his case remains squarely covered by the decision of this Tribunal in the case of Balbir Saluja v....

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....manufacturer's price, the assessable value worked out from the purchase price being Rs. 4,98,520/- and the assessable value worked out from the manufacturer's price being Rs. 5,11,969/-. This is clear indication that transaction value in the present case constituted the price of the car in a normal commercial transaction. Apart from the price indicated in the Parkers Guide, the Revenue has no mate....