https://www.taxtmi.com/caselaws?id=114369 The Appellate Tribunal CESTAT, Mumbai dismissed the appeal regarding the assessable value of imported goods from Japan, emphasizing the need for quantification before challenging duty loading decisions under the Customs Act and Customs Valuation Rules. The Tribunal found the appeal premature due to the lack of quantification on the duty ordered for the 3% loading, highlighting the influence of related party transactions and royalty payments on pricing. The appellant's argument that the Japanese company's shareholding should not impact pricing was not accepted, and the Tribunal suggested reapplication after quantification of duty. en-us Thu, 29 Jul 2004 00:00:00 +0530 Tue, 15 May 2012 10:54:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114369 The Appellate Tribunal CESTAT, Mumbai dismissed the appeal regarding the assessable value of imported goods from Japan, emphasizing the need for quantification before challenging duty loading decisions under the Customs Act and Customs Valuation Rules. The Tribunal found the appeal premature due to the lack of quantification on the duty ordered for the 3% loading, highlighting the influence of related party transactions and royalty payments on pricing. The appellant's argument that the Japanese company's shareholding should not impact pricing was not accepted, and the Tribunal suggested reapplication after quantification of duty. Case-Laws Customs Thu, 29 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114369