1996 (7) TMI 290 - AT - Customs

Summary

The appeal was filed against the Order-in-Appeal rejecting the declared invoice price for a second-hand Honda Accord car. The Customs re-determined the assessable value based on the World Car Catalogue price for the 1984 model, adding reconditioning charges and allowing a 46% depreciation. The appellant's plea for the invoice value was rejected. However, the Tribunal granted a higher depreciation rate of 52% instead of 46%, allowing the appeal with this modification.