https://www.taxtmi.com/caselaws?id=74371 Replacement imports under an Open General Licence may include a second-hand machine where the original machine was also second-hand, and the fact that the replacement came from a different supplier did not by itself negate its character as a replacement. Read with paragraph 5(3)(iii) of the Imports (Control) Order, 1955, this approach treated such imports as permissible without an import control breach. On valuation, declared customs value was not rejected merely by comparison with an earlier import; absent a sustainable finding of misdeclaration under section 111(m) of the Customs Act, 1962, market conditions and changed demand supported acceptance of the declared value. en-us Thu, 26 Feb 1987 00:00:00 +0530 Wed, 08 Jun 2011 14:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=74371 Replacement imports under an Open General Licence may include a second-hand machine where the original machine was also second-hand, and the fact that the replacement came from a different supplier did not by itself negate its character as a replacement. Read with paragraph 5(3)(iii) of the Imports (Control) Order, 1955, this approach treated such imports as permissible without an import control breach. On valuation, declared customs value was not rejected merely by comparison with an earlier import; absent a sustainable finding of misdeclaration under section 111(m) of the Customs Act, 1962, market conditions and changed demand supported acceptance of the declared value. Case-Laws Customs Thu, 26 Feb 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=74371