https://www.taxtmi.com/caselaws?id=269279 Import of old and used photocopier mainframes filed before the applicable cut-off date did not require an import licence, because the restriction had not yet come into force and second-hand photocopier machines were free before that date. The declared transaction value could not be rejected or enhanced merely on the basis of a chartered accountant's certificate and contemporaneous imports, since the Revenue failed to establish legally recognised grounds for rejection, extra consideration to the foreign supplier, or genuinely comparable import conditions. The valuation enhancement was therefore unsustainable and the declared value was upheld. en-us Wed, 24 Sep 2014 00:00:00 +0530 Sat, 12 Dec 2015 11:22:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269279 Import of old and used photocopier mainframes filed before the applicable cut-off date did not require an import licence, because the restriction had not yet come into force and second-hand photocopier machines were free before that date. The declared transaction value could not be rejected or enhanced merely on the basis of a chartered accountant's certificate and contemporaneous imports, since the Revenue failed to establish legally recognised grounds for rejection, extra consideration to the foreign supplier, or genuinely comparable import conditions. The valuation enhancement was therefore unsustainable and the declared value was upheld. Case-Laws Customs Wed, 24 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269279