https://www.taxtmi.com/caselaws?id=256691 Declared transaction value for imports from a related foreign supplier cannot be rejected merely because a discriminatory discount is alleged. The text states that the assessing authority had accepted the value after applying a cost-plus comparison and the deductive method under Rule 7 of the Customs Valuation Rules, 2007, while the lower appellate authority discarded it without reasons showing why the value was unacceptable. Rule 12 only identifies grounds for rejection and does not itself provide a valuation method; once rejection is justified, valuation must proceed sequentially under the rules. In the absence of contemporaneous independent imports and any proof of flow back or extra consideration, the declared value remains acceptable. en-us Wed, 22 Oct 2014 00:00:00 +0530 Thu, 18 Jun 2015 10:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256691 Declared transaction value for imports from a related foreign supplier cannot be rejected merely because a discriminatory discount is alleged. The text states that the assessing authority had accepted the value after applying a cost-plus comparison and the deductive method under Rule 7 of the Customs Valuation Rules, 2007, while the lower appellate authority discarded it without reasons showing why the value was unacceptable. Rule 12 only identifies grounds for rejection and does not itself provide a valuation method; once rejection is justified, valuation must proceed sequentially under the rules. In the absence of contemporaneous independent imports and any proof of flow back or extra consideration, the declared value remains acceptable. Case-Laws Customs Wed, 22 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256691