https://www.taxtmi.com/circulars?id=53950 Valuation of imported second hand machinery is based on the price paid or payable where Rule 3 requirements are met; where post sale reconditioning, refurbishment or buyer incurred pre shipment costs affect the goods the proper officer must include those elements and, if Rule 3 is inapplicable, proceed sequentially through Rules 4-9, applying the residual method under Rule 9 when necessary and using inspection/appraisement reports from overseas chartered engineers (Form A) or DGFT notified Indian agencies/locally empaneled chartered engineers (Form B) to assess depreciation, condition and additional charges. en-us Thu, 15 Oct 2015 00:00:00 +0530 Sat, 17 Oct 2015 09:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53950 Valuation of imported second hand machinery is based on the price paid or payable where Rule 3 requirements are met; where post sale reconditioning, refurbishment or buyer incurred pre shipment costs affect the goods the proper officer must include those elements and, if Rule 3 is inapplicable, proceed sequentially through Rules 4-9, applying the residual method under Rule 9 when necessary and using inspection/appraisement reports from overseas chartered engineers (Form A) or DGFT notified Indian agencies/locally empaneled chartered engineers (Form B) to assess depreciation, condition and additional charges. Circulars Customs Thu, 15 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53950