https://www.taxtmi.com/caselaws?id=244928 Customs valuation of second-hand imported machinery must be applied on a uniform basis across all parts, components and sub-assemblies; the Department cannot mix valuation methods or selectively adopt the higher of two alternative values for customs purposes. The declared value, supported by a Chartered Engineer's certificate and broadly confirmed by SGS India, was examined under the Customs Valuation Rules, 1988, and the depreciation method was not rejected in principle, but it had to be used consistently. The impugned order was set aside and the matter remanded for fresh determination in accordance with law on a single consistent valuation method. en-us Tue, 09 Apr 2013 00:00:00 +0530 Thu, 13 Mar 2014 06:02:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244928 Customs valuation of second-hand imported machinery must be applied on a uniform basis across all parts, components and sub-assemblies; the Department cannot mix valuation methods or selectively adopt the higher of two alternative values for customs purposes. The declared value, supported by a Chartered Engineer's certificate and broadly confirmed by SGS India, was examined under the Customs Valuation Rules, 1988, and the depreciation method was not rejected in principle, but it had to be used consistently. The impugned order was set aside and the matter remanded for fresh determination in accordance with law on a single consistent valuation method. Case-Laws Customs Tue, 09 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244928