https://www.taxtmi.com/caselaws?id=107050 A composite ice-cream making machine may qualify for exemption as refrigeration equipment where refrigeration is its essential character and the mixing, slashing and dispensing functions are merely ancillary. In customs valuation, authenticated foreign customs reports and supporting invoices may be relied on as credible evidence of the transaction value when they bear sufficient indicia of authenticity and business origin; a supplier's contrary affidavit and the absence of proof of extra payment may not displace that material. Where the valuation challenge fails but the overall circumstances justify moderation, the penalty may be reduced proportionately. en-us Thu, 09 Jan 2003 00:00:00 +0530 Sat, 17 Mar 2012 12:11:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107050 A composite ice-cream making machine may qualify for exemption as refrigeration equipment where refrigeration is its essential character and the mixing, slashing and dispensing functions are merely ancillary. In customs valuation, authenticated foreign customs reports and supporting invoices may be relied on as credible evidence of the transaction value when they bear sufficient indicia of authenticity and business origin; a supplier's contrary affidavit and the absence of proof of extra payment may not displace that material. Where the valuation challenge fails but the overall circumstances justify moderation, the penalty may be reduced proportionately. Case-Laws Customs Thu, 09 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107050