9911796707
TMI Blog1991 (3) TMI 264X X X X Extracts X X X X X X X X Extracts X X X X ..... posted as First Secretary in the Embassy of India, Kabul purchased a second-hand Mercedez Benz Car (1975 Model) from the Embassy of Bulgaria, Kabul on 12-11-1985 for a price of US $ 4500. On his return to India in 1988, the Customs authorities at Air Cargo Complex, New Delhi did not accept the price at which the appellant had purchased the car, but valued it at Rs. 53,566/- and its accessories at ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n the World Car Catalogue and to allow a deduction of 15% on account of trade discount from such price, and thereafter, to allow a deduction on account of VAT wherever the price of the car is indicated with an asterisk mark. It has been stated in the letter dated 23-5-1989 that the then existing rate of VAT in case of West Germany was 14%. The appellant has prayed that the car imported may be re-a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion on account of VAT, but stated that the rate of VAT prevalent in 1975 was not known. 3. We have considered the submissions and perused the records of the case. We accept the prayer of the appellant for re-assessment of his car in accordance with the practice of the Delhi Custom House to take the ex-factory price given in the World Car Catalogue and allow the deductions account of trade disco ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
