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2008 (8) TMI 300 - CESTAT, BANGALOREValuation of second-hand imported machines - revenue had not produced any evidence of contemporaneous import and it's value for the purpose of rejecting the Chartered Engineer's certificate. Mere data collected by the NIDB cannot be a ground for rejecting the transaction value of the second-hand machineries - reasons given for rejecting the Chartered Engineer certificate is not sound and clear - held that redemption fine and penalty in respect of import of second-hand goods is fixed at 10% and 5% on the transaction value declared by the assessee
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