https://www.taxtmi.com/caselaws?id=235940 Declared transaction value for imported goods cannot be rejected or enhanced merely because the importer and foreign supplier are related persons. The department must prove with cogent evidence that the relationship influenced the price; absent such material, the declared value remains acceptable under customs valuation principles. On the facts, the revenue failed to establish distortion of value, so the 50% enhancement was arbitrary and unsustainable. The order-in-appeal was therefore upheld in favour of the assessee and the revenue challenge failed. en-us Wed, 05 Jun 2013 00:00:00 +0530 Mon, 25 May 2015 16:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235940 Declared transaction value for imported goods cannot be rejected or enhanced merely because the importer and foreign supplier are related persons. The department must prove with cogent evidence that the relationship influenced the price; absent such material, the declared value remains acceptable under customs valuation principles. On the facts, the revenue failed to establish distortion of value, so the 50% enhancement was arbitrary and unsustainable. The order-in-appeal was therefore upheld in favour of the assessee and the revenue challenge failed. Case-Laws Customs Wed, 05 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235940