https://www.taxtmi.com/caselaws?id=203423 Customs valuation of imported used printing machinery may be rejected where the declared transaction value is unsupported by requisite documents and the proper officer has reasonable doubt about its accuracy. On the facts, the importer lacked an import licence, did not produce the manufacturer's invoice or year of manufacture, and accepted the appraised value after waiver of notice and hearing. A detailed Chartered Engineer's report, based on condition, residual life, comparable equipment, manufacturer enquiry and market information, justified adoption of the enhanced assessable value. Further reduction of redemption fine and penalty was declined because the goods remained unauthorised and the lower authority had already substantially moderated both amounts. en-us Tue, 26 Oct 2010 00:00:00 +0530 Wed, 05 Jun 2013 15:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203423 Customs valuation of imported used printing machinery may be rejected where the declared transaction value is unsupported by requisite documents and the proper officer has reasonable doubt about its accuracy. On the facts, the importer lacked an import licence, did not produce the manufacturer's invoice or year of manufacture, and accepted the appraised value after waiver of notice and hearing. A detailed Chartered Engineer's report, based on condition, residual life, comparable equipment, manufacturer enquiry and market information, justified adoption of the enhanced assessable value. Further reduction of redemption fine and penalty was declined because the goods remained unauthorised and the lower authority had already substantially moderated both amounts. Case-Laws Customs Tue, 26 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203423