https://www.taxtmi.com/caselaws?id=788632 Declared value of imported second-hand machinery cannot be rejected under customs valuation principles without a legally sustainable basis, as transaction value remains the starting point under Section 14 of the Customs Act, 1962. Where a Load Port Chartered Engineer's certificate is on record and contains sufficient particulars to establish the used nature of the machinery, a local Chartered Engineer's certificate does not by itself justify re-determination of value. The absence of the year of manufacture in the Load Port certificate was not treated as fatal, and the circular for second-hand machinery valuation permitted reliance on a local certificate only when the Load Port certificate was absent or defective. Valuation based solely on the local certificate was therefore not justified. en-us Wed, 25 Mar 2026 00:00:00 +0530 Thu, 26 Mar 2026 09:05:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788632 Declared value of imported second-hand machinery cannot be rejected under customs valuation principles without a legally sustainable basis, as transaction value remains the starting point under Section 14 of the Customs Act, 1962. Where a Load Port Chartered Engineer's certificate is on record and contains sufficient particulars to establish the used nature of the machinery, a local Chartered Engineer's certificate does not by itself justify re-determination of value. The absence of the year of manufacture in the Load Port certificate was not treated as fatal, and the circular for second-hand machinery valuation permitted reliance on a local certificate only when the Load Port certificate was absent or defective. Valuation based solely on the local certificate was therefore not justified. Case-Laws Customs Wed, 25 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788632