9911796707
TMI Blog1997 (9) TMI 276X X X X Extracts X X X X X X X X Extracts X X X X ..... alled. None for the appellant who has sent an application requesting that the matter may be decided on the basis of available records. Accordingly, we have heard the learned JDR, Shri S.N. Ghosh for the Respondent-Commissioner. 2. Issue involved herein is about the valuation of Mercedes Benz Car imported by the appellant. Invoice produced by the appellant had been rejected by the authorities bel ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng them separately at Rs. 10,000.00 and Rs. 1,500.00 respectively. 3. The appellant has stated in its appeal memo that the Car being more than 4 (sic) years old, the depreciation of 46% which is given to four years old Car, is inadequate in the case of the present Car. It is also stated that invoice has been rejected without any good reason. It is also pointed out in the appeal memo that Air Con ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he lower authorities, as set out above. He, therefore, submits that there is nothing wrong in assessing the value of the Car on the basis of Britain s Motor Guide. 6. We have carefully considered the submissions of the appellant as made in his appeal memo as also of the learned JDR, Shri Ghosh for the Respondent-Commissioner. We observe that it is not disputed that the Car is more than six years ..... X X X X Extracts X X X X X X X X Extracts X X X X
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