https://www.taxtmi.com/caselaws?id=753794 For old and used imported goods, the declared transaction value may be rejected where no load port Chartered Engineer certificate is furnished and the value cannot be verified on the importer's declaration alone. Valuation may then be made on the basis of an approved Chartered Engineer's assessment, including depreciation where appropriate, under the Customs Valuation framework and the relevant departmental circular. On these facts, the enhanced valuation based on the Chartered Engineer certificate was upheld and the impugned valuation order sustained. en-us Fri, 31 May 2024 00:00:00 +0530 Tue, 11 Jun 2024 07:56:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753794 For old and used imported goods, the declared transaction value may be rejected where no load port Chartered Engineer certificate is furnished and the value cannot be verified on the importer's declaration alone. Valuation may then be made on the basis of an approved Chartered Engineer's assessment, including depreciation where appropriate, under the Customs Valuation framework and the relevant departmental circular. On these facts, the enhanced valuation based on the Chartered Engineer certificate was upheld and the impugned valuation order sustained. Case-Laws Customs Fri, 31 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753794