9911796707
TMI Blog1992 (10) TMI 203X X X X Extracts X X X X X X X X Extracts X X X X ..... f the manufacturer s invoice available in the Office of the Asstt. Collector in respect of a Honda Accord LE Four Door 2000CC Model Car by taking the assessable value as Japanese Yen 1,297,000/-. After giving a depreciation of 40% on the FOB value and adding freight, insurance and landing charges, the assessable value of the car was worked out as Rs. 1,84,427/-. The value of the airconditioner and radio cassette player fitted in the car were assessed at Rs. 13,439 and Rs. 3604 respectively. The total customs duty on the car, airconditioner and radio cassette player was worked out as Rs. 6,20,457/-. The appellant filed an appeal before the Collector of Customs (Appeals) pleading that the assessable value had not been correctly worked out by ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the basis for assessment since it tallied with the price of the car shown in the invoice which was filed by him with the Customs Authorities. He prayed that his appeal for reassessment of the duty on the vehicle in question on the basis of the price declared by him i.e. CIF C $ 10,702/- may be allowed. 4. On behalf of the Revenue, the Ld. SDR Shri Ram Prakash referred to the order passed by the Collector (Appeals) and contended that in the absence of the world car catalogue for 1983 (Should be 1988-Ed.) there was no case for reassessment of the value of the car imported by the appellant. He therefore pleaded for rejection of the appeal. 5. We have gone through the records of the case and the submissions made on behalf of both sides. The ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... essable value and the duty leviable thereon. 7. We find that the communication price addressed by Honda Motor Co. Japan to the Embassy of India in Japan reads as follows._______ With reference to your inquiry over the phone regarding Accord, we will inform you as follows :- Shipment toward Canada on 11-7-1988 FOB C$ 10,397 CIF 10,702 Frame No. JHMCA 5630JC821929" 8. It is seen that the Chassis/Frame No of the vehicle indicated in the communication from the Honda Motor Co. Ltd. tallies with the chassis number of the vehicle indicated in the bill of entry filed by the appellant. In these circumstances we are of the view that the export price of C $10397 FOB as certified by the manufacturer can be adopted as the basis for computin ..... X X X X Extracts X X X X X X X X Extracts X X X X
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