https://www.taxtmi.com/caselaws?id=100346 Valuation of imported second-hand machinery depended on the reliability of the supplier's price evidence. Where the supplier's communications showed inconsistent original price figures, and no satisfactory explanation was given for reducing the year-of-manufacture price from US $ 88,000 to US $ 55,000, the later revision was not accepted. In the absence of a credible basis for discarding the earlier figure, the higher original price was upheld for valuation purposes and the importer's contention was rejected. en-us Wed, 04 Jul 2001 00:00:00 +0530 Wed, 01 Feb 2012 10:53:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100346 Valuation of imported second-hand machinery depended on the reliability of the supplier's price evidence. Where the supplier's communications showed inconsistent original price figures, and no satisfactory explanation was given for reducing the year-of-manufacture price from US $ 88,000 to US $ 55,000, the later revision was not accepted. In the absence of a credible basis for discarding the earlier figure, the higher original price was upheld for valuation purposes and the importer's contention was rejected. Case-Laws Customs Wed, 04 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100346