https://www.taxtmi.com/caselaws?id=762718 CESTAT Chandigarh allowed the appeal against customs duty demand of Rs. 4,62,818/- on re-determined value of Rs. 19,90,591/- for allegedly mis-declared imported goods under Section 46 of Customs Act. The tribunal found that the Chartered Engineer's valuation report lacked proper basis and technical documentation for determining machine values. Despite the engineer's opinion that 20-50 year old machines had residual life exceeding 8 years, the tribunal directed the Original Authority to assess the goods as scrap after effective mutilation under customs supervision at appellant's cost, rejecting the department's mis-declaration allegations. en-us Thu, 05 Dec 2024 00:00:00 +0530 Fri, 06 Dec 2024 08:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762718 CESTAT Chandigarh allowed the appeal against customs duty demand of Rs. 4,62,818/- on re-determined value of Rs. 19,90,591/- for allegedly mis-declared imported goods under Section 46 of Customs Act. The tribunal found that the Chartered Engineer's valuation report lacked proper basis and technical documentation for determining machine values. Despite the engineer's opinion that 20-50 year old machines had residual life exceeding 8 years, the tribunal directed the Original Authority to assess the goods as scrap after effective mutilation under customs supervision at appellant's cost, rejecting the department's mis-declaration allegations. Case-Laws Customs Thu, 05 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762718