https://www.taxtmi.com/caselaws?id=105461 Enhanced valuation of imported second-hand machinery was questioned because the declared transaction value had been rejected on the basis of the manufacturer's price and comparable international prices. The tribunal noted that the importer had later produced additional evidence said to support contemporaneous value, while the Department had not supplied the report sought on a contemporaneous Bill of Entry. It also found that the Board's depreciation circular for old machinery had not been applied. The matter was remanded to the original authority for de novo consideration of the declared value, the circular, the additional evidence, and the authenticity and relevance of the contemporaneous import material. en-us Tue, 13 Nov 2001 00:00:00 +0530 Mon, 05 Mar 2012 17:16:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105461 Enhanced valuation of imported second-hand machinery was questioned because the declared transaction value had been rejected on the basis of the manufacturer's price and comparable international prices. The tribunal noted that the importer had later produced additional evidence said to support contemporaneous value, while the Department had not supplied the report sought on a contemporaneous Bill of Entry. It also found that the Board's depreciation circular for old machinery had not been applied. The matter was remanded to the original authority for de novo consideration of the declared value, the circular, the additional evidence, and the authenticity and relevance of the contemporaneous import material. Case-Laws Customs Tue, 13 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105461