TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>New Guidelines for Valuing Second-Hand Machinery Imports: Chartered Engineer Reports Required, Alternative Methods for Reconditioned Goods.</h1> The circular addresses the valuation of second-hand machinery imports, emphasizing reliance on chartered engineer inspection reports. It outlines that reports from engineers at the port of loading or pre-shipment inspection agencies notified by DGFT are acceptable. If an importer's report lacks required details, they must select a chartered engineer from the Custom House. The guidelines specify using the price paid for goods as a valuation basis unless reconditioning or additional costs alter the condition. In such cases, alternative valuation methods under Customs Valuation Rules, 2007, are applied. The circular supersedes the previous 2008 directive and ensures uniformity in valuation practices.
TaxTMI 
TaxTMI 
