https://www.taxtmi.com/caselaws?id=114241 Declared invoice value for second-hand printing machinery may be rejected where the paperwork does not evidence a genuine transaction between the importer and the invoicing party, and valuation may then be determined on a depreciation-based method supported by the available material. Confiscation for used machinery turns on reliable proof of import restriction, particularly the actual age of the machines; the record supported confiscation of the ten Heidelberg machines as more than ten years old, but not the four Thompson machines, for which the evidence was inconclusive. Benefit of doubt was extended to those machines, with the redemption fine and penalty correspondingly reduced. en-us Tue, 06 Jan 2004 00:00:00 +0530 Mon, 14 May 2012 10:51:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114241 Declared invoice value for second-hand printing machinery may be rejected where the paperwork does not evidence a genuine transaction between the importer and the invoicing party, and valuation may then be determined on a depreciation-based method supported by the available material. Confiscation for used machinery turns on reliable proof of import restriction, particularly the actual age of the machines; the record supported confiscation of the ten Heidelberg machines as more than ten years old, but not the four Thompson machines, for which the evidence was inconclusive. Benefit of doubt was extended to those machines, with the redemption fine and penalty correspondingly reduced. Case-Laws Customs Tue, 06 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114241