2018 (4) TMI 1436

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....origin falling under Customs Tariff Heading No. 87032491 under Transfer of Residence Rules. The declared value of the goods was US$ 12712.50 on FOB basis and claimed basic customs duty payable @75% in terms of Notification No. 012/2012-Cus dt. 17.03.2012. The appellant at the time of seeking clearance did not have in her possession purchase invoice from dealer nor manufacturer's catalogue showing price prevalent in the year 2003. A system generated loan document negotiated with the bank was produced by the appellant. The adjudicating authority assessed the car at US$ 16702.20 (by taking the price indicated in loan document of 2003 minus depreciation @70% in terms of Board's Circular No. 493/124/86-Cus.VI dt. 19.11.87) and after including mi....

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.... by the Board Circular of 1993 had been given. The miscellaneous charges, which had been included in value, are all pre-importation. He also contended that maximum depreciation for second hand cars had been given to the appellant. 5. Heard both the sides and perused the record. 6. We find that the appellant had imported used Hummer car under Transfer of Residence Rules. At the time of initial assessment, the appellant did not produce the purchase invoice from dealer and only produced the system generated document for the loan taken for purchase of the said vehicle. In the proceedings before the first appellate authority, the appellant produced the dealer invoice. The first appellate authority, on the basis of the said invoice produced....