https://www.taxtmi.com/caselaws?id=111097 Declared transaction value under customs valuation law cannot be rejected merely on an asserted related-person relationship. The adjudicating authority relied on an alleged control chain through a joint venture, but no material established that the joint venture controlled the importer or that the parties were related within Rule 2(2)(vi) of the Customs Valuation Rules, 1988. Minutes showing pricing discussions between the foreign supplier group and the Indian collaborator were insufficient to prove statutory control. On that basis, rejection of the declared value was held unjustified and was set aside in favour of the importer. en-us Wed, 10 Dec 2003 00:00:00 +0530 Fri, 20 Apr 2012 12:59:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111097 Declared transaction value under customs valuation law cannot be rejected merely on an asserted related-person relationship. The adjudicating authority relied on an alleged control chain through a joint venture, but no material established that the joint venture controlled the importer or that the parties were related within Rule 2(2)(vi) of the Customs Valuation Rules, 1988. Minutes showing pricing discussions between the foreign supplier group and the Indian collaborator were insufficient to prove statutory control. On that basis, rejection of the declared value was held unjustified and was set aside in favour of the importer. Case-Laws Customs Wed, 10 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111097