https://www.taxtmi.com/caselaws?id=35112 Customs valuation of second-hand imported photocopier machines may be based on a chartered engineer's report where the report is supported by relevant factors such as model, year of manufacture, condition, residual life and market comparison. A deduction for post-import reconditioning cost, however, is not permissible when valuing the goods in the condition in which they were imported. The declared value was not accepted on the evidence, and the higher competing report was also rejected for want of cogent basis. Duty, fine and penalty were therefore to be re-quantified on the basis of the first inspection report without any reconditioning deduction. en-us Tue, 05 Aug 2008 00:00:00 +0530 Tue, 29 Dec 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35112 Customs valuation of second-hand imported photocopier machines may be based on a chartered engineer's report where the report is supported by relevant factors such as model, year of manufacture, condition, residual life and market comparison. A deduction for post-import reconditioning cost, however, is not permissible when valuing the goods in the condition in which they were imported. The declared value was not accepted on the evidence, and the higher competing report was also rejected for want of cogent basis. Duty, fine and penalty were therefore to be re-quantified on the basis of the first inspection report without any reconditioning deduction. Case-Laws Customs Tue, 05 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35112