https://www.taxtmi.com/caselaws?id=358441 Enhanced customs valuation of imported second-hand goods was sustained where examination showed discrepancies in description and quantity and the Chartered Engineer's certificate supported the finding that the goods were used. The objections concerning the alleged second report and the need for an import licence had already been examined by the appellate authority, and the challenge to valuation was not sufficient to disturb the enhancement. Actual freight and insurance, where available, were to be considered instead of a notional figure. On the record and in view of the long lapse of time, the confiscation, redemption fine and penalty were also upheld. en-us Thu, 01 Feb 2018 00:00:00 +0530 Tue, 10 Apr 2018 12:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358441 Enhanced customs valuation of imported second-hand goods was sustained where examination showed discrepancies in description and quantity and the Chartered Engineer's certificate supported the finding that the goods were used. The objections concerning the alleged second report and the need for an import licence had already been examined by the appellate authority, and the challenge to valuation was not sufficient to disturb the enhancement. Actual freight and insurance, where available, were to be considered instead of a notional figure. On the record and in view of the long lapse of time, the confiscation, redemption fine and penalty were also upheld. Case-Laws Customs Thu, 01 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358441