https://www.taxtmi.com/caselaws?id=358743 In imports of used machinery, the declared transaction value may be rejected where the prescribed load-port inspection or overseas Chartered Engineer certification is absent and the available valuation material, including appraisement and depreciation data, creates doubt about the declared price; the re-determined assessable value was therefore upheld. Goods imported without prior permission from the Ministry of Environment and Forests and without the required import licence, contrary to the Foreign Trade Policy, were treated as prohibited goods; confiscation, redemption fine and penalty were sustained. The appeals failed in full. en-us Mon, 29 Jan 2018 00:00:00 +0530 Sat, 02 Mar 2019 11:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358743 In imports of used machinery, the declared transaction value may be rejected where the prescribed load-port inspection or overseas Chartered Engineer certification is absent and the available valuation material, including appraisement and depreciation data, creates doubt about the declared price; the re-determined assessable value was therefore upheld. Goods imported without prior permission from the Ministry of Environment and Forests and without the required import licence, contrary to the Foreign Trade Policy, were treated as prohibited goods; confiscation, redemption fine and penalty were sustained. The appeals failed in full. Case-Laws Customs Mon, 29 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358743