https://www.taxtmi.com/caselaws?id=121685 Declared transaction value of imported second-hand goods can be rejected only if the case falls within the exceptions in Rule 4(2) of the Customs (Valuation) Rules, 1988. Factors such as the importer being a trader, the goods being used, lack of supporting evidence, and a Chartered Engineer's appraisal did not establish any such exception. In the absence of valid grounds to discard the transaction value, the declared value had to be accepted for assessment. As the enhanced valuation could not stand, the redemption fine and penalty based on it were reduced. en-us Wed, 18 Apr 2007 00:00:00 +0530 Wed, 01 Aug 2012 15:19:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121685 Declared transaction value of imported second-hand goods can be rejected only if the case falls within the exceptions in Rule 4(2) of the Customs (Valuation) Rules, 1988. Factors such as the importer being a trader, the goods being used, lack of supporting evidence, and a Chartered Engineer's appraisal did not establish any such exception. In the absence of valid grounds to discard the transaction value, the declared value had to be accepted for assessment. As the enhanced valuation could not stand, the redemption fine and penalty based on it were reduced. Case-Laws Customs Wed, 18 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121685