1999 (6) TMI 151

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..... Order per : C.N.B. Nair, Member (T)]. The appellants are a multi-national Chartered Accountancy firm. They received from their head office in USA, 40 used Laptop Computers. The dispute is with regard to the valuation of these computers and the import policy in their case. 2. Arguing the appeal, the learned Counsel Shri Shekhar Vyas submits that the computers were five years old and the Cus .....

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..... le for import as capital goods in a service industry like Chartered Accountancy in terms of para 7 of the Import Policy for the period 1992-97. 3. Learned DR Shri K. Shiv Kumar explained that the depreciation was allowed as per norms as applicable to machinery. 4. We have perused the records and have considered the submissions made by both the sides. Due consideration was required to be given .....

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