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2017 (9) TMI 1502 - AT - CustomsValuation of imported goods - used Mercedes Benz car, Model E230 and one used Yamaha motorcycle model FZ600 - reference to Parker's Guide - Held that: - for valuation of such used car has to be done on the basis of Parker’s Guide by giving appropriate Depreciation, Trade Discount and VAT Discount. Such a procedure has also been approved by the Tribunal in the case of Sunil Kumar Gupta Vs. Commissioner of Customs, Nava Sheva [1999 (10) TMI 557 - CEGAT, MUMBAI] - appeal allowed - decided in favor of Revenue.
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