https://www.taxtmi.com/circulars?id=58899 Imported second hand machinery should ordinarily be accompanied by an overseas Chartered Engineer inspection/appraisement in Form A, or failing that by a DGFT notified inspection agency report in Form B. The declared value will be compared with the engineer's report and depreciated value; if no doubt arises the value may be accepted under the primary valuation rule, but significant discrepancies will prompt a request for explanation and a valuation determination under the customs valuation framework after considering depreciation, refurbishment and condition. en-us Thu, 21 Dec 2017 00:00:00 +0530 Wed, 02 Jan 2019 18:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58899 Imported second hand machinery should ordinarily be accompanied by an overseas Chartered Engineer inspection/appraisement in Form A, or failing that by a DGFT notified inspection agency report in Form B. The declared value will be compared with the engineer's report and depreciated value; if no doubt arises the value may be accepted under the primary valuation rule, but significant discrepancies will prompt a request for explanation and a valuation determination under the customs valuation framework after considering depreciation, refurbishment and condition. Circulars Customs Thu, 21 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58899