https://www.taxtmi.com/caselaws?id=97889 Incomplete imported copier consignments retaining the essential character of complete photocopier machines are classifiable as complete machines under Rule 2(a), rather than as spare parts. Where examination shows that the importer's declared description does not correspond with the goods, the declared price need not be accepted as transaction value. In the absence of reliable comparable values, assessable value may be determined under the residual valuation method using reasonable means consistent with customs valuation requirements. On these principles, classification as complete machines and the enhanced assessable value were sustained, while redemption fine and penalty were reduced on the facts. en-us Tue, 29 May 2001 00:00:00 +0530 Wed, 18 Jan 2012 14:52:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97889 Incomplete imported copier consignments retaining the essential character of complete photocopier machines are classifiable as complete machines under Rule 2(a), rather than as spare parts. Where examination shows that the importer's declared description does not correspond with the goods, the declared price need not be accepted as transaction value. In the absence of reliable comparable values, assessable value may be determined under the residual valuation method using reasonable means consistent with customs valuation requirements. On these principles, classification as complete machines and the enhanced assessable value were sustained, while redemption fine and penalty were reduced on the facts. Case-Laws Customs Tue, 29 May 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97889