https://www.taxtmi.com/circulars?id=54922 Imports of used second hand machinery are valued by the transaction value if Rule 3 requirements are met; where pre sale or pre import alterations or added costs exist or where Rules 4-8 cannot be applied due to lack of comparables or production cost basis, the proper officer may apply the residual method under Rule 9 factoring condition, depreciation, refurbishment, disassembly, packing and pre shipment inspection fees. Inspection/appraisement reports by overseas Chartered Engineers (Form A) or notified domestic agencies (Form B) are to be used to examine declared values and may trigger sequential valuation under Rules 4-9 if discrepancies arise. en-us Mon, 28 Dec 2015 00:00:00 +0530 Mon, 24 Oct 2016 14:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54922 Imports of used second hand machinery are valued by the transaction value if Rule 3 requirements are met; where pre sale or pre import alterations or added costs exist or where Rules 4-8 cannot be applied due to lack of comparables or production cost basis, the proper officer may apply the residual method under Rule 9 factoring condition, depreciation, refurbishment, disassembly, packing and pre shipment inspection fees. Inspection/appraisement reports by overseas Chartered Engineers (Form A) or notified domestic agencies (Form B) are to be used to examine declared values and may trigger sequential valuation under Rules 4-9 if discrepancies arise. Circulars Customs Mon, 28 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54922