https://www.taxtmi.com/caselaws?id=757024 Customs valuation of imported second-hand machinery must rest on a lawful basis for displacing the depreciated value adopted through chartered-engineer inspection and valuation certificates under the applicable circular. Pro forma invoices, verbal statements and unsupported values do not establish undervaluation where the earlier assessed valuation was neither challenged nor disproved. Electronic records recovered from mobile phones and hard disks require the statutory certificate under section 138C of the Customs Act before they may be admitted in customs proceedings. Without that certificate, such records cannot support undervaluation, duty demands, interest or penalties. en-us Tue, 23 Jul 2024 00:00:00 +0530 Fri, 24 Oct 2025 13:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757024 Customs valuation of imported second-hand machinery must rest on a lawful basis for displacing the depreciated value adopted through chartered-engineer inspection and valuation certificates under the applicable circular. Pro forma invoices, verbal statements and unsupported values do not establish undervaluation where the earlier assessed valuation was neither challenged nor disproved. Electronic records recovered from mobile phones and hard disks require the statutory certificate under section 138C of the Customs Act before they may be admitted in customs proceedings. Without that certificate, such records cannot support undervaluation, duty demands, interest or penalties. Case-Laws Customs Tue, 23 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757024