https://www.taxtmi.com/caselaws?id=53886 Transaction value of old and used photocopiers should not be rejected merely on speculative enhancement material where no evidence of contemporaneous imports is produced; the assessable value loading was therefore unjustified. At the same time, confiscation may be sustained where the import policy treats second-hand photocopiers as consumer goods requiring a valid import licence; on that footing, confiscation was maintained. The monetary consequences of confiscation were moderated because the Tribunal noted its earlier view that such goods had also been treated as capital goods, resulting in substantial reduction of redemption fine and penalties. en-us Tue, 15 Mar 2005 00:00:00 +0530 Fri, 15 Oct 2010 16:59:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53886 Transaction value of old and used photocopiers should not be rejected merely on speculative enhancement material where no evidence of contemporaneous imports is produced; the assessable value loading was therefore unjustified. At the same time, confiscation may be sustained where the import policy treats second-hand photocopiers as consumer goods requiring a valid import licence; on that footing, confiscation was maintained. The monetary consequences of confiscation were moderated because the Tribunal noted its earlier view that such goods had also been treated as capital goods, resulting in substantial reduction of redemption fine and penalties. Case-Laws Customs Tue, 15 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53886