Valuation Of second hand machinery

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....d hand machinery - reg. Attention of all Importers, Exporters, Customs Brokers and other members Of the Trade is invited to earlier Public Notice No. 16/2008 dated 03.06.2008 and letter F. No. S/20-102/2012- 13/ AG dated 03.09.2013 issued by this Commissionerate regarding empanelment of Chartered Engineers for valuation of Second hand Machinery/ goods etc. 2. Consequent to issuance of Circul....

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....inspection / appraisement reports shall be prepared by the Chartered Engineer is annexed to the circular dated 15-10-2015. In the event that an importer does not produce an inspection/ appraisement report in the prescribed format from the country of sale, he shall be free to engage the services of inspection agencies notified as per HBoP 2015-20. The list of such agencies is notified by the DGFT u....

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.... 04. To sum up, the following guidelines shall be followed: (a) All imports of second hand machinery / used capital goods shall be ordinarily accompanied by an inspection/ appraisement report issued by an overseas Chartered Engineer or equivalent, prepared upon examination of the goods at the place of sale. (b) The report of the Chartered Engineer or equivalent should be as per ....

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....ed value of the goods determined in terms of the circular No. 493/ 124 / 86-cus-V1 dated 19/11/1987 and dated 4/1/1988. If such comparison does not create any doubt regarding the declared value of the goods, the same may be appraised under Rule 3 of the CVR, 2007. If there are significant differences arising from such comparison, Rule 12 of the CVR, 2007, requires that the proper officer shall see....