https://www.taxtmi.com/caselaws?id=220203 In related-party import valuation disputes, transaction value cannot be rejected merely because the importer and foreign supplier are connected. Revenue must produce disclosed material showing that the relationship influenced the price, and the importer may rely on invoices and comparable pricing to support the declared value. Where Revenue fails to rebut that evidence, continuation of an arbitrary loading or extra duty deposit is unsustainable, and valuation must be based on the declared price under the Customs Valuation Rules. The commentary also notes that assessments were directed at declared prices from 31-1-2010, with consequential relief, while Revenue remained free to act afresh on better evidence and due notice. en-us Wed, 27 Jun 2012 00:00:00 +0530 Tue, 15 Jan 2013 07:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220203 In related-party import valuation disputes, transaction value cannot be rejected merely because the importer and foreign supplier are connected. Revenue must produce disclosed material showing that the relationship influenced the price, and the importer may rely on invoices and comparable pricing to support the declared value. Where Revenue fails to rebut that evidence, continuation of an arbitrary loading or extra duty deposit is unsustainable, and valuation must be based on the declared price under the Customs Valuation Rules. The commentary also notes that assessments were directed at declared prices from 31-1-2010, with consequential relief, while Revenue remained free to act afresh on better evidence and due notice. Case-Laws Customs Wed, 27 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220203