https://www.taxtmi.com/caselaws?id=170377 Imported second-hand machinery was found, on inspection and expert evidence, to be more than ten years old, so the Exim policy restriction applied and confiscation and penalty were sustained. The importer's age certificate was rejected as unreliable because of factual discrepancies and the challenge to the expert committee's competence did not disturb the recorded findings. On valuation, the declared invoice value could be rejected only on legally sustainable grounds and any enhancement had to follow the Customs Valuation Rules; the record did not support the assessed value adopted below, so the enhancement was set aside. The appeal succeeded only on valuation, while the findings on age, confiscation, redemption fine, and penalty remained in force. en-us Fri, 15 Mar 2013 00:00:00 +0530 Fri, 15 May 2015 18:18:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170377 Imported second-hand machinery was found, on inspection and expert evidence, to be more than ten years old, so the Exim policy restriction applied and confiscation and penalty were sustained. The importer's age certificate was rejected as unreliable because of factual discrepancies and the challenge to the expert committee's competence did not disturb the recorded findings. On valuation, the declared invoice value could be rejected only on legally sustainable grounds and any enhancement had to follow the Customs Valuation Rules; the record did not support the assessed value adopted below, so the enhancement was set aside. The appeal succeeded only on valuation, while the findings on age, confiscation, redemption fine, and penalty remained in force. Case-Laws Customs Fri, 15 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170377