Valuation (Customs) of second-hand motor vehicles — Depreciation for

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..... ia Instructions - Review of - Regarding. The question of prescribing of fixed scale of depreciation to be allowed for valuation of imported second-hand motor vehicles has been under consideration of the Board. This was considered necessary so as to avoid disputes in the valuation of imported second-hand motor vehicles and subsequent delays in their clearance. 2. As per the existing Instructions, .....

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..... ch, the scale of depreciation for valuation of imported second-hand motor vehicles will be as under : (i) for every quarter during 1st year - 4% (ii) for every quarter during 2nd year - 3% (iii) for every quarter during 3rd year - 2.50% (iv) for every quarter during 4th year - 2% and thereafter subject to an overall limit of 70% 4. The .....

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