https://www.taxtmi.com/caselaws?id=125656 Declared transaction value for second-hand photocopier machines cannot be rejected or re-determined under the Customs Valuation Rules without better evidence of a higher comparable value. In the absence of such evidence, the declared price must be accepted. Second-hand photocopier machines treated as capital goods did not require an import licence during the relevant period where the applicable import policy imposed no licensing restriction. Consequently, confiscation and consequential fine and penalty could not be sustained for import without a licence. en-us Wed, 15 Oct 2008 00:00:00 +0530 Mon, 28 Aug 2017 12:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125656 Declared transaction value for second-hand photocopier machines cannot be rejected or re-determined under the Customs Valuation Rules without better evidence of a higher comparable value. In the absence of such evidence, the declared price must be accepted. Second-hand photocopier machines treated as capital goods did not require an import licence during the relevant period where the applicable import policy imposed no licensing restriction. Consequently, confiscation and consequential fine and penalty could not be sustained for import without a licence. Case-Laws Customs Wed, 15 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125656