2001 (8) TMI 149

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..... aluation of imported (used) construction machinery. 2. The appellant is a construction company. They had purchased construction machinery abroad for use in projects at Iraq and Libya. At the end of the project, the used machinery were imported into India. The Customs authorities determined the assessable value of the used machinery after allowing depreciation as per norms. In the present appeal .....

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..... aw, etc. He submits that Government had issued instructions in 1993 (Vadodara Collectorate VIII/1/Cus/93) on the subject and those norms ensure uniformity of practice. He pointed out that the maximum depreciation, according to the guidelines of the Board had been allowed by the assessing authorities in this case. He also pointed out that, in the identical case of M/s. UP State Bridge Corporation L .....

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