https://www.taxtmi.com/caselaws?id=52849 Declared transaction value for used BTS equipment must be accepted for customs assessment where the price is supported by genuine commercial dealings and there is no evidence of extraneous influence. A Chartered Engineer's certificate is only an expert opinion on price reasonableness, and inaccuracies in that certificate or a mismatch in the stated year of manufacture do not by themselves justify rejection of the declared value. In the absence of any specific ground under Rule 4 of the Customs Valuation Rules to discard the transaction value, the assessable value must be based on that declared value even for obsolete used telecom equipment. en-us Fri, 16 Apr 2004 00:00:00 +0530 Fri, 08 Oct 2010 11:01:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52849 Declared transaction value for used BTS equipment must be accepted for customs assessment where the price is supported by genuine commercial dealings and there is no evidence of extraneous influence. A Chartered Engineer's certificate is only an expert opinion on price reasonableness, and inaccuracies in that certificate or a mismatch in the stated year of manufacture do not by themselves justify rejection of the declared value. In the absence of any specific ground under Rule 4 of the Customs Valuation Rules to discard the transaction value, the assessable value must be based on that declared value even for obsolete used telecom equipment. Case-Laws Customs Fri, 16 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52849