Home Case Index All Cases Customs Customs + AT Customs - 2013 (10) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2013 (10) TMI 1104 - AT - CustomsImport of Old machine - import of one set of used Noritsu Minilab system consisting of one Printer Processor Model QSS 2211V and one Film Processor Model QSF 430L with standard accessories with a declared value of US $7000 - Under valuation of property - Held that:- The value in this case has been loaded on the basis that on physical appearance the machine appears to be less than 10 years old and the residual life is more than 5 years. Undisputedly, the examination was carried out by the officers present in the dock and the same has been accepted without any corroboratory evidence.We further find that in the letter of the respondent dated 6.3.2003, it is clearly mentioned that the year of manufacture is 1995. From the year of introduction alone it cannot be concluded that the machine is not manufactured in the previous year.Therefore, merely on presumption and assumption it cannot be said that the machine is less than 10 years old - Decided against Revenue.
|