https://www.taxtmi.com/caselaws?id=86305 Customs valuation could not be enhanced on an ad hoc basis where the importer's declared value was supported by a chartered engineer's certificate showing the machines' year of manufacture, condition and replacement value. Reliance on comparable imports and an outdated model was held insufficient to justify an arbitrary fixation, so the certificate was accepted as the best available evidence and the declared value was upheld with normal additions for freight and allied charges. The goods were not shown to have been deliberately misdeclared as second-hand machines, since the record disclosed their 1991 make and limited demonstration use and the department produced no independent material of fraud. Confiscation and penalty were therefore unsustainable. en-us Mon, 09 Dec 1996 00:00:00 +0530 Tue, 23 Aug 2011 18:11:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=86305 Customs valuation could not be enhanced on an ad hoc basis where the importer's declared value was supported by a chartered engineer's certificate showing the machines' year of manufacture, condition and replacement value. Reliance on comparable imports and an outdated model was held insufficient to justify an arbitrary fixation, so the certificate was accepted as the best available evidence and the declared value was upheld with normal additions for freight and allied charges. The goods were not shown to have been deliberately misdeclared as second-hand machines, since the record disclosed their 1991 make and limited demonstration use and the department produced no independent material of fraud. Confiscation and penalty were therefore unsustainable. Case-Laws Customs Mon, 09 Dec 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=86305