https://www.taxtmi.com/caselaws?id=115406 The tribunal dismissed the appeal, upholding the decision to increase the transaction value by 100% due to significant price variations between the appellant and third parties. The transaction was deemed not at arm's length, leading to a determination that the appellant was a related person. Assessable value was loaded by 100% based on expenses incurred by the appellant, despite explanations provided. The tribunal emphasized the application of transaction value from third-party prices for customs duty purposes, ultimately rejecting the appeal based on the lack of merit stemming from pricing irregularities and non-compliance with customs regulations. en-us Thu, 15 Jun 2006 00:00:00 +0530 Tue, 29 May 2012 13:34:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115406 The tribunal dismissed the appeal, upholding the decision to increase the transaction value by 100% due to significant price variations between the appellant and third parties. The transaction was deemed not at arm's length, leading to a determination that the appellant was a related person. Assessable value was loaded by 100% based on expenses incurred by the appellant, despite explanations provided. The tribunal emphasized the application of transaction value from third-party prices for customs duty purposes, ultimately rejecting the appeal based on the lack of merit stemming from pricing irregularities and non-compliance with customs regulations. Case-Laws Customs Thu, 15 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115406