https://www.taxtmi.com/caselaws?id=94159 The appeal was allowed by remand for a fresh determination of the assessable value based on the supplier's invoice, in line with legal principles governing the valuation of second-hand machinery. The Tribunal found that the valuation based on similar imported machines was not sustainable and emphasized the importance of evidence of underinvoicing to support valuation decisions. The case highlighted issues of undervaluation, misdeclaration, and the correct method for determining the assessable value of imported second-hand machines. en-us Fri, 24 Jan 1992 00:00:00 +0530 Sat, 19 Nov 2011 15:12:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94159 The appeal was allowed by remand for a fresh determination of the assessable value based on the supplier's invoice, in line with legal principles governing the valuation of second-hand machinery. The Tribunal found that the valuation based on similar imported machines was not sustainable and emphasized the importance of evidence of underinvoicing to support valuation decisions. The case highlighted issues of undervaluation, misdeclaration, and the correct method for determining the assessable value of imported second-hand machines. Case-Laws Customs Fri, 24 Jan 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94159