https://www.taxtmi.com/circulars?id=63585 Imported used capital machinery should ordinarily be accompanied by an inspection/appraisement report by a Chartered Engineer in the prescribed Form A; if unavailable, the importer may obtain appraisal from a Chartered Engineer empanelled by the Customs House in Form B. Where Rule 3 cannot be applied due to pre import refurbishment, depreciation and related charges must be considered and, if necessary, the residual method under Rule 9 used to determine value, with declared values compared to engineer reports and depreciated benchmarks and explanations sought under Rule 12 when discrepancies arise. en-us Thu, 27 Feb 2020 00:00:00 +0530 Wed, 11 Feb 2026 15:58:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=63585 Imported used capital machinery should ordinarily be accompanied by an inspection/appraisement report by a Chartered Engineer in the prescribed Form A; if unavailable, the importer may obtain appraisal from a Chartered Engineer empanelled by the Customs House in Form B. Where Rule 3 cannot be applied due to pre import refurbishment, depreciation and related charges must be considered and, if necessary, the residual method under Rule 9 used to determine value, with declared values compared to engineer reports and depreciated benchmarks and explanations sought under Rule 12 when discrepancies arise. Circulars Customs Thu, 27 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/circulars?id=63585