Empanelment of Chartered Engineers for second hand machinery valuation: invitation, eligibility, three year panel, reporting requirements and penalties. Applications are invited for empanelment of chartered engineers to value second hand imported/exported machinery; applicants must submit prescribed proforma and supporting certificates, demonstrate minimum industrial experience (2 years), valuation experience (3 years) and total experience (5 years), and provide five years of income tax return details. A committee will scrutinize applications and refer eligible candidates to the Institute of Engineers for assessment; empanelment (valid for three years) requires submission of half yearly Self Appraisal Reports, and false information attracts penal provisions under the Customs Act.