https://www.taxtmi.com/caselaws?id=85854 The declared transaction value of a second-hand imported machine was rejected because no reliable evidence established the month of manufacture, comparable contemporaneous imports, or authoritative international price literature for such used machinery. Valuation was therefore upheld on the accepted depreciation basis, and the departmental depreciation rate was applied instead of the lower flat deduction used by the adjudicating authority. The import valuation was required to be recomputed by allowing 64% flat depreciation, with consequential relief to follow. en-us Tue, 15 Oct 1996 00:00:00 +0530 Mon, 08 Aug 2011 15:26:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85854 The declared transaction value of a second-hand imported machine was rejected because no reliable evidence established the month of manufacture, comparable contemporaneous imports, or authoritative international price literature for such used machinery. Valuation was therefore upheld on the accepted depreciation basis, and the departmental depreciation rate was applied instead of the lower flat deduction used by the adjudicating authority. The import valuation was required to be recomputed by allowing 64% flat depreciation, with consequential relief to follow. Case-Laws Customs Tue, 15 Oct 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85854