Valuation of secondhand machinery: inspection reports required to determine assessable value under the residual valuation method. Imports of used second hand machinery are valued by the transaction value if Rule 3 requirements are met; where pre sale or pre import alterations or added costs exist or where Rules 4-8 cannot be applied due to lack of comparables or production cost basis, the proper officer may apply the residual method under Rule 9 factoring condition, depreciation, refurbishment, disassembly, packing and pre shipment inspection fees. Inspection/appraisement reports by overseas Chartered Engineers (Form A) or notified domestic agencies (Form B) are to be used to examine declared values and may trigger sequential valuation under Rules 4-9 if discrepancies arise.
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Provisions expressly mentioned in the judgment/order text.
Valuation of secondhand machinery: inspection reports required to determine assessable value under the residual valuation method.
Imports of used second hand machinery are valued by the transaction value if Rule 3 requirements are met; where pre sale or pre import alterations or added costs exist or where Rules 4-8 cannot be applied due to lack of comparables or production cost basis, the proper officer may apply the residual method under Rule 9 factoring condition, depreciation, refurbishment, disassembly, packing and pre shipment inspection fees. Inspection/appraisement reports by overseas Chartered Engineers (Form A) or notified domestic agencies (Form B) are to be used to examine declared values and may trigger sequential valuation under Rules 4-9 if discrepancies arise.
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