Definition of related persons and valuation concepts clarifies relationships affecting customs transaction value determination for imports. Defines transaction value as the value under Rule 4 and names computed value and deductive value as alternative methods. Classifies comparators as identical goods, similar goods, and goods of the same class or kind by reference to characteristics, origin and producer, excluding goods modified by buyer-supplied design or development work completed in India free or at reduced cost used in export production. Specifies circumstances when persons are deemed related for valuation purposes, including officer/director relationships, partnerships, employer-employee, common control or ownership, direct control links, joint control of a third person, family membership, and association as sole agents or distributors.