https://www.taxtmi.com/caselaws?id=264593 The Court dismissed the Revenue's challenge to the declared price of imported goods by the assessee, ruling in favor of the importer. It emphasized the need for the Revenue to provide sufficient evidence and meet the burden of proof in cases of under-valuation allegations. The Court clarified that distributorship alone does not establish related person status under Customs Valuation Rules, highlighting the importance of demonstrating specific criteria. Ultimately, the judgment highlighted the necessity of adhering to valuation rules and ensuring the fair determination of transaction value for imported goods. en-us Tue, 08 Sep 2015 00:00:00 +0530 Fri, 01 Jan 2016 11:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264593 The Court dismissed the Revenue's challenge to the declared price of imported goods by the assessee, ruling in favor of the importer. It emphasized the need for the Revenue to provide sufficient evidence and meet the burden of proof in cases of under-valuation allegations. The Court clarified that distributorship alone does not establish related person status under Customs Valuation Rules, highlighting the importance of demonstrating specific criteria. Ultimately, the judgment highlighted the necessity of adhering to valuation rules and ensuring the fair determination of transaction value for imported goods. Case-Laws Customs Tue, 08 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264593