1994 (7) TMI 181 - AT - Customs

Summary

The Collector of Customs, Madras appealed against the order of the Collector of Customs (Appeals) regarding the valuation of a used Mercedes Benz imported by the respondent. The Collector (Appeals) raised the depreciation allowance from 46% to 48%, which the Department contested. The Appellate Tribunal upheld the Collector (Appeals) decision, rejecting the appeal.