https://www.taxtmi.com/caselaws?id=80594 A customs import licence must be construed strictly according to its express nomenclature and listed items. On that basis, photocopier components falling outside the specified non-electric parts were held not covered by the licence, and confiscation under Section 111(d) of the Customs Act, 1962 was upheld. On valuation, technical collaboration and royalty arrangements alone did not establish related-person status or mutuality of interest. In the absence of evidence proving such relationship, the declared invoice value could not be rejected and had to be accepted. The decision therefore affirms strict licence interpretation while limiting customs valuation objections to cases supported by evidence. en-us Mon, 12 Mar 1990 00:00:00 +0530 Fri, 17 Jun 2011 17:58:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=80594 A customs import licence must be construed strictly according to its express nomenclature and listed items. On that basis, photocopier components falling outside the specified non-electric parts were held not covered by the licence, and confiscation under Section 111(d) of the Customs Act, 1962 was upheld. On valuation, technical collaboration and royalty arrangements alone did not establish related-person status or mutuality of interest. In the absence of evidence proving such relationship, the declared invoice value could not be rejected and had to be accepted. The decision therefore affirms strict licence interpretation while limiting customs valuation objections to cases supported by evidence. Case-Laws Customs Mon, 12 Mar 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=80594