https://www.taxtmi.com/caselaws?id=51996 Imported second-hand printing machinery could not be treated as over 10 years old on the basis of accessory markings or an unsupported assumption about manufacture year, so the clearance objection on age failed. The declared transaction value also could not be rejected because Section 14 of the Customs Act and Rule 4 of the Customs Valuation Rules make transaction value the primary basis unless lawfully displaced by reliable evidence; depreciation-based revaluation and unverified comparative import data were insufficient. Confiscation, enhancement of value, penalty, and related directions were therefore unsustainable, and relief was granted. en-us Wed, 04 Jun 2003 00:00:00 +0530 Wed, 29 Sep 2010 16:54:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51996 Imported second-hand printing machinery could not be treated as over 10 years old on the basis of accessory markings or an unsupported assumption about manufacture year, so the clearance objection on age failed. The declared transaction value also could not be rejected because Section 14 of the Customs Act and Rule 4 of the Customs Valuation Rules make transaction value the primary basis unless lawfully displaced by reliable evidence; depreciation-based revaluation and unverified comparative import data were insufficient. Confiscation, enhancement of value, penalty, and related directions were therefore unsustainable, and relief was granted. Case-Laws Customs Wed, 04 Jun 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51996