https://www.taxtmi.com/caselaws?id=780033 Declared transaction value for imported second-hand machinery could be rejected only on cogent grounds consistent with Section 14 of the Customs Act, 1962 and the Customs Valuation Rules, 2007. In the absence of any allegation of related party dealings or other disqualifying circumstance under Rule 3(2), and where the load port chartered engineer's certificate contained operational testing and detailed findings, rejection of that certificate in favour of an unexplained local certificate was merely substitution of one expert opinion for another. The declared transaction value had to be accepted for assessment. en-us Tue, 14 Oct 2025 00:00:00 +0530 Fri, 17 Oct 2025 08:08:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780033 Declared transaction value for imported second-hand machinery could be rejected only on cogent grounds consistent with Section 14 of the Customs Act, 1962 and the Customs Valuation Rules, 2007. In the absence of any allegation of related party dealings or other disqualifying circumstance under Rule 3(2), and where the load port chartered engineer's certificate contained operational testing and detailed findings, rejection of that certificate in favour of an unexplained local certificate was merely substitution of one expert opinion for another. The declared transaction value had to be accepted for assessment. Case-Laws Customs Tue, 14 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780033