TaxTMI 
TaxTMI 
Valuation Of second hand machinery
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....xporters, 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 Circular No. 25/2015 dated 15-10-2015 (F.No.467 / 34/ 2006-cus.V....
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....red 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 under Appendix 2G of the HBoP 2015-20 and Aayat Niryat Forms to FT....
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....l 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 the Form A annexed to the aforesaid circular dated 15-10- 2015. (c) In the event ....
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....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 seek an explanation from the importer justifying the declared value. The proper officer may then evaluate t....