1999 (9) TMI 535

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..... per : C.N.B. Nair, Member (T)]. - The dispute relates to the valuation, redemption fine and penalty levied on BMW car imported by the appellant. It has been submitted that the valuation of the car should have been made based on the list price of the manufacturer after giving eligible deductions towards depreciation. According to the list price made available by the appellant, the price of the c .....

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..... ifiable reason has also been indicated for the variation, we are of the opinion that the case is required to be reconsidered by the original authority for a fresh decision. The case is, accordingly, remanded to the original authority with the direction that the assessable value shall be refixed according to the norm and the case shall be decided after giving the appellant an opportunity to represe .....

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