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2015 (12) TMI 583 - CESTAT NEW DELHIDetermination of assessable value - import of old and used photocopier mainframes is restricted and the importer required an import licence for the same - Held that:- Revenue has not first rejected the transaction value by production of any evidence. Further, it is not Revenue’s case that any extra money has been delivered to the foreign supplier, without reflecting the same in the records. Revenue has simplicitor adopted the value of another import of old and used photocopier machines. It may not be out of place to observe here that the value of the second hand goods depends upon the number of factors including the conditions of the goods and as such, the second hand goods cannot be held to be contemporaneous to each other. In view of the foregoing, we find no merits in the impugned order of the lower authorities. The same are accordingly set aside - Decided in favour of assessee.
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