1999 (6) TMI 151 - AT - Customs

Summary

The case involves a multinational Chartered Accountancy firm importing 40 used Laptop Computers from the USA. The dispute is over the valuation of the computers and import policy. The firm argued that the computers were overvalued as they were obsolete and should be valued at the current CIF value. Customs allowed depreciation based on machinery norms, which was deemed incorrect. The Tribunal remanded the case for reconsideration of valuation and import eligibility. The appeal was disposed of accordingly.