https://www.taxtmi.com/caselaws?id=398542 Declared transaction value for imported second-hand digital multifunctional devices cannot be discarded and replaced with a Chartered Engineer's estimate unless the customs officer first forms a legally sustainable doubt and follows the prescribed valuation process. On the facts, that process was not undertaken, so the enhanced valuation was set aside and the declared value restored for assessment. The goods were, however, treated as restricted imports imported without the required DGFT authorisation; environmental clearance did not substitute for that licence, so confiscation was sustained. The redemption fine and penalty were reduced in light of proportional treatment applied in similar second-hand goods matters. en-us Mon, 14 Sep 2020 00:00:00 +0530 Mon, 26 Jul 2021 15:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398542 Declared transaction value for imported second-hand digital multifunctional devices cannot be discarded and replaced with a Chartered Engineer's estimate unless the customs officer first forms a legally sustainable doubt and follows the prescribed valuation process. On the facts, that process was not undertaken, so the enhanced valuation was set aside and the declared value restored for assessment. The goods were, however, treated as restricted imports imported without the required DGFT authorisation; environmental clearance did not substitute for that licence, so confiscation was sustained. The redemption fine and penalty were reduced in light of proportional treatment applied in similar second-hand goods matters. Case-Laws Customs Mon, 14 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398542