assessable value

A B B (Job) (104 Points)

13 July 2010  

If the item purchased received in India after certain no of years (Say 2 Years). Then what will be the assessable value?

 

1)      CIF + Landing Cost – Depreciation for 2 years

2)      CIF + Landing cost

3)      CIF + Landing cost OR fair value whichever is higher

4)      Or none of the above