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of <h1>Mumbai Air Cargo: New Rules for Valuing Imported Second-Hand Machinery Require Independent Engineer's Certificate and Supervised Inspection.</h1> The notice outlines the valuation process for imported second-hand machinery at Mumbai's Air Cargo Complex. Importers must provide a certificate from an independent Chartered Engineer detailing the machinery's original price, current value, manufacture year, condition, and expected lifespan. If unavailable, certificates from recognized agencies are required. A list of approved agencies is provided. The inspection procedure involves appointing a local Chartered Engineer, notifying the Import Shed, and having the inspection supervised by an Appraising Officer. The certificate must be countersigned by the supervising officer. The Assessing Officer will determine the transaction value based on the certificate and additional documents.
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