https://www.taxtmi.com/caselaws?id=374982 The Tribunal upheld the Commissioner(Appeals) order accepting the invoice value for the import of a used offset commercial web printing machine. The rejection of the declared value by the importer was justified under Rule 4 of Customs Valuation Rules, 1988, based on discrepancies revealed in the Chartered Engineer's report. The Commissioner(Appeals) considered all evidence, including the Chartered Engineer's report and relevant circulars, concluding that the declared value was accurate. The Tribunal emphasized the necessity of assessing second-hand machinery through the transaction value method and dismissed the Revenue's appeal, citing adherence to valuation rules and legal precedents in customs matters. en-us Tue, 22 Jan 2019 00:00:00 +0530 Sat, 22 Jun 2019 11:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374982 The Tribunal upheld the Commissioner(Appeals) order accepting the invoice value for the import of a used offset commercial web printing machine. The rejection of the declared value by the importer was justified under Rule 4 of Customs Valuation Rules, 1988, based on discrepancies revealed in the Chartered Engineer's report. The Commissioner(Appeals) considered all evidence, including the Chartered Engineer's report and relevant circulars, concluding that the declared value was accurate. The Tribunal emphasized the necessity of assessing second-hand machinery through the transaction value method and dismissed the Revenue's appeal, citing adherence to valuation rules and legal precedents in customs matters. Case-Laws Customs Tue, 22 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374982