https://www.taxtmi.com/circulars?id=6032 Depreciation for valuation of second-hand machinery shall be calculated on the price of the new machine as declared in the Chartered Engineer's certificate; where the certificate does not state the price as of the year of manufacture, Customs must use the declared new-machine price as the base original value without further inquiry into historical c.i.f. prices, and earlier instructions requiring such determination are modified accordingly. en-us Mon, 04 Jan 1988 00:00:00 +0530 Mon, 29 Jun 2009 16:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=6032 Depreciation for valuation of second-hand machinery shall be calculated on the price of the new machine as declared in the Chartered Engineer's certificate; where the certificate does not state the price as of the year of manufacture, Customs must use the declared new-machine price as the base original value without further inquiry into historical c.i.f. prices, and earlier instructions requiring such determination are modified accordingly. Circulars Customs Mon, 04 Jan 1988 00:00:00 +0530 https://www.taxtmi.com/circulars?id=6032