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Is the export “price” for used machines mentioned in the commercial invoice accepted by Customs in India as realistic “value” for Custom clearance?

April 26, 2017Commercial Customs export India invoice machines mentioned Used

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Is the export “price” for used machines mentioned in the commercial invoice accepted by Customs in India as realistic “value” for Custom clearance?

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No- as mentioned above, Customs or any other Central or State Government authority may avail of services of Inspection and Certification Agencies in Appendix 5 of the HBP v1, for certifying residual life as well as valuation / purchase price of capital good. Ravi Energie Inc. being an Agency enlisted in Appendix-5 and as Ravi Energie has Chartered Engineers on panel as professionals and can certify both.