https://www.taxtmi.com/caselaws?id=3060 Declared transaction value for imported second-hand photocopiers and monitors could not be rejected merely because the manufacturer's invoice and year of manufacture were not produced. The Tribunal held that, absent proof of a recognised exception under the Customs Valuation Rules, the Revenue could not rely on a Chartered Engineer's appraisal or depreciation method to re-fix assessable value. The declared value was therefore directed to be accepted. In relation to the used monitors, confiscation was sustained because import licence requirements were not met, so the redemption fine and penalty were not interfered with. en-us Fri, 14 Sep 2007 00:00:00 +0530 Wed, 16 Apr 2008 16:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3060 Declared transaction value for imported second-hand photocopiers and monitors could not be rejected merely because the manufacturer's invoice and year of manufacture were not produced. The Tribunal held that, absent proof of a recognised exception under the Customs Valuation Rules, the Revenue could not rely on a Chartered Engineer's appraisal or depreciation method to re-fix assessable value. The declared value was therefore directed to be accepted. In relation to the used monitors, confiscation was sustained because import licence requirements were not met, so the redemption fine and penalty were not interfered with. Case-Laws Customs Fri, 14 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3060