9911796707
TMI Blog1996 (10) TMI 168X X X X Extracts X X X X X X X X Extracts X X X X ..... L. Bhat, President.] Appellant imported a second-hand Salona-425, four colour sheet fed offset printing machine 1984 model of Swedish origin from a supplier in Sweden. The machine was shipped in March, 1990. Bill of Entry was presented on 15-6-1990 declaring the value to the SEK 2,70,000 CIF equal to Rs. 7,61,306.00. The Collector was not prepared to act on the declared value. Notice was iss ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... neer s certificate showed the year of manufacture to be 1984, without indicating the month of manufacture. Appellant did not produce any record to show the month of manufacture. This is not the appellant s case that there were any comparable imports at or about the same time. It is also admitted that there was not authoritative international literature regarding price in international trade of sec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of depreciation suggested by the Central Board of Excise and Customs, percentage of depreciation required to be deducted would be 64% and not 56%. Since the Collector has adopted flat rate of depreciation and the Department has not filed any appeal, we do not want to enter into the controversy as to whether depreciation could be deducted at a flat rate or not. 5. In these circumstances, we modif ..... X X X X Extracts X X X X X X X X Extracts X X X X
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