https://www.taxtmi.com/caselaws?id=175998 Import of secondhand photocopiers made after the EXIM Policy amendment without the required specific licence remained liable to confiscation, and penalty followed because the goods were imported in breach of the licensing condition. The declared transaction value, however, could not be rejected merely on the basis of a contrary local Chartered Engineer's appraisal where the load-port certificate supported the invoice value and no exceptional circumstances under the valuation rules were proved. The declared value was therefore accepted, and the redemption fine and penalty were required to be recalculated on that basis. en-us Mon, 28 May 2007 00:00:00 +0530 Fri, 17 Nov 2017 11:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175998 Import of secondhand photocopiers made after the EXIM Policy amendment without the required specific licence remained liable to confiscation, and penalty followed because the goods were imported in breach of the licensing condition. The declared transaction value, however, could not be rejected merely on the basis of a contrary local Chartered Engineer's appraisal where the load-port certificate supported the invoice value and no exceptional circumstances under the valuation rules were proved. The declared value was therefore accepted, and the redemption fine and penalty were required to be recalculated on that basis. Case-Laws Customs Mon, 28 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175998