https://www.taxtmi.com/caselaws?id=83811 The Tribunal dismissed the appeal in a case involving a Limited Company acting as a distributor for overseas corporations importing goods for earth moving and mining machinery. The dispute centered on the assessable value of the imported goods under the Customs Act, 1962, and the application of Customs Valuation Rules, 1988. Despite the distributor not being classified as a related person, the Tribunal found that the price offered was not the normal price in international trade, indicating a special relationship. Consequently, the assessable value was determined based on the normal price, leading to the dismissal of the appeal and disposal of the Department's Cross Objections. en-us Wed, 21 Dec 1994 00:00:00 +0530 Mon, 18 Jul 2011 11:17:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=83811 The Tribunal dismissed the appeal in a case involving a Limited Company acting as a distributor for overseas corporations importing goods for earth moving and mining machinery. The dispute centered on the assessable value of the imported goods under the Customs Act, 1962, and the application of Customs Valuation Rules, 1988. Despite the distributor not being classified as a related person, the Tribunal found that the price offered was not the normal price in international trade, indicating a special relationship. Consequently, the assessable value was determined based on the normal price, leading to the dismissal of the appeal and disposal of the Department's Cross Objections. Case-Laws Customs Wed, 21 Dec 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=83811