https://www.taxtmi.com/caselaws?id=336860 In valuation of second-hand imported machinery, the declared transaction value cannot be rejected merely because a Chartered Engineer's certificate shows a discrepancy in the year of manufacture. Under section 14 of the Customs Act and Rules 3 and 4 of the Customs Valuation Rules, transaction value remains the starting point and may be discarded only on recognised grounds such as fraud, abnormal consideration, related-party influence, or reliable contemporaneous higher imports. Where such grounds are not established, valuation cannot be enhanced through an expert appraiser's opinion or a best-judgment approach, and the rule-based valuation sequence must be followed first. en-us Fri, 01 Jul 2016 00:00:00 +0530 Fri, 30 Dec 2016 13:35:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336860 In valuation of second-hand imported machinery, the declared transaction value cannot be rejected merely because a Chartered Engineer's certificate shows a discrepancy in the year of manufacture. Under section 14 of the Customs Act and Rules 3 and 4 of the Customs Valuation Rules, transaction value remains the starting point and may be discarded only on recognised grounds such as fraud, abnormal consideration, related-party influence, or reliable contemporaneous higher imports. Where such grounds are not established, valuation cannot be enhanced through an expert appraiser's opinion or a best-judgment approach, and the rule-based valuation sequence must be followed first. Case-Laws Customs Fri, 01 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336860