https://www.taxtmi.com/caselaws?id=122560 Second-hand photocopier machines with a life of less than 10 years were treated as licence-free importable second-hand capital goods under paragraph 2.33 of the Handbook of Procedures read with the EXIM Policy for 2003-2007, because the Tribunal followed the jurisdictionally prevailing view on importability. The declared transaction value was also accepted, as the statutory grounds for rejecting it under the transaction value rules were not established on the facts. On both issues, the Revenue's challenge failed and the importer's position was upheld. en-us Thu, 05 Apr 2007 00:00:00 +0530 Tue, 14 Aug 2012 16:08:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122560 Second-hand photocopier machines with a life of less than 10 years were treated as licence-free importable second-hand capital goods under paragraph 2.33 of the Handbook of Procedures read with the EXIM Policy for 2003-2007, because the Tribunal followed the jurisdictionally prevailing view on importability. The declared transaction value was also accepted, as the statutory grounds for rejecting it under the transaction value rules were not established on the facts. On both issues, the Revenue's challenge failed and the importer's position was upheld. Case-Laws Customs Thu, 05 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122560