https://www.taxtmi.com/caselaws?id=328357 Declared transaction value for imported old and used photocopier machines must be accepted under Rule 3 of the Customs Valuation Rules, 2007 unless the Revenue establishes a legally sustainable ground to reject it. In the absence of evidence of extra consideration, flow back of money, or any circumstance showing that the invoice price was influenced or incorrect, the assessable value cannot be enhanced merely on the basis of a Chartered Engineer's report. The declared value remained supported by the import documents, and enhancement without first displacing the transaction value on proper grounds was unsustainable. en-us Tue, 17 May 2016 00:00:00 +0530 Mon, 14 Nov 2016 11:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328357 Declared transaction value for imported old and used photocopier machines must be accepted under Rule 3 of the Customs Valuation Rules, 2007 unless the Revenue establishes a legally sustainable ground to reject it. In the absence of evidence of extra consideration, flow back of money, or any circumstance showing that the invoice price was influenced or incorrect, the assessable value cannot be enhanced merely on the basis of a Chartered Engineer's report. The declared value remained supported by the import documents, and enhancement without first displacing the transaction value on proper grounds was unsustainable. Case-Laws Customs Tue, 17 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328357