https://www.taxtmi.com/caselaws?id=83587 Mere foreign shareholding, board nomination rights, or a technical collaboration agreement did not by themselves establish mutuality of interest between the parties for customs valuation. The collaborators were to supply components and spares at fair, reasonable and competitive prices, the technical assistance fee related to know-how and rights granted, the trade mark was to be used free of charge, and royalty was payable only on local or indigenously manufactured parts. On these facts, the declared invoice price remained the proper basis of assessment under section 14(1)(a) of the Customs Act, 1962, and resort to section 14(1)(b) with loading under the Customs Valuation Rules, 1963 was not justified. en-us Mon, 12 Sep 1994 00:00:00 +0530 Thu, 14 Jul 2011 13:10:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=83587 Mere foreign shareholding, board nomination rights, or a technical collaboration agreement did not by themselves establish mutuality of interest between the parties for customs valuation. The collaborators were to supply components and spares at fair, reasonable and competitive prices, the technical assistance fee related to know-how and rights granted, the trade mark was to be used free of charge, and royalty was payable only on local or indigenously manufactured parts. On these facts, the declared invoice price remained the proper basis of assessment under section 14(1)(a) of the Customs Act, 1962, and resort to section 14(1)(b) with loading under the Customs Valuation Rules, 1963 was not justified. Case-Laws Customs Mon, 12 Sep 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=83587