https://www.taxtmi.com/caselaws?id=267116 Declared transaction value for imported second-hand machinery could not be rejected under the customs valuation rules absent valid, evidence-based reasons satisfying the statutory conditions for rejection. The declared price was supported by the purchase order, Chartered Engineer's certificate and contemporaneous documents, while no comparable contemporaneous import data was available. Resort to residual valuation was therefore unjustified, and the separate royalty allegation did not show any influence on the machinery price. The loading of value was held unsustainable. en-us Wed, 30 Sep 2015 00:00:00 +0530 Wed, 24 Feb 2016 11:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267116 Declared transaction value for imported second-hand machinery could not be rejected under the customs valuation rules absent valid, evidence-based reasons satisfying the statutory conditions for rejection. The declared price was supported by the purchase order, Chartered Engineer's certificate and contemporaneous documents, while no comparable contemporaneous import data was available. Resort to residual valuation was therefore unjustified, and the separate royalty allegation did not show any influence on the machinery price. The loading of value was held unsustainable. Case-Laws Customs Wed, 30 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267116