CESTAT ruled that the value of imported used goods can be enhanced based on Chartered Engineer Certificate. No error in rejecting transaction value.

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....The case involves valuation of imported goods, specifically a used Reach Truck with additional batteries and charger, along with new parts. The Appellate Tribunal rejected the transaction value and enhanced it based on a Chartered Engineer Certificate, as old goods require such certification for valuation. The Tribunal found no error in rejecting the declared value, considering the nature of the goods. The decision was supported by the absence of a load port Chartered Engineer Certificate. The Tribunal upheld the enhancement of value, citing a previous case with similar circumstances. The appeal was dismissed as the Tribunal saw no reason to interfere with the decision.....