https://www.taxtmi.com/caselaws?id=84314 Imported second-hand machinery was treated as unauthorised where the licence description matched the model but not the year of manufacture, and later licence amendment and an after-the-fact public notice did not cure the mismatch. The declared invoice value was rejected because it did not reflect the actual goods imported; in the absence of the manufacturer's invoice, valuation could be based on the chartered engineer's certificate and depreciation under customs valuation rules. The redemption fine was sustained as proportionate to the unauthorised import and enhanced value, while the penalty was reduced as the breach was largely technical. en-us Tue, 04 Jul 1995 00:00:00 +0530 Thu, 21 Jul 2011 11:54:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84314 Imported second-hand machinery was treated as unauthorised where the licence description matched the model but not the year of manufacture, and later licence amendment and an after-the-fact public notice did not cure the mismatch. The declared invoice value was rejected because it did not reflect the actual goods imported; in the absence of the manufacturer's invoice, valuation could be based on the chartered engineer's certificate and depreciation under customs valuation rules. The redemption fine was sustained as proportionate to the unauthorised import and enhanced value, while the penalty was reduced as the breach was largely technical. Case-Laws Customs Tue, 04 Jul 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84314