https://www.taxtmi.com/caselaws?id=267636 Imports between fully controlled group entities may be treated as related-party transactions under the Customs Valuation Rules, 1988 where corporate policy, product specification, and marketing are centrally controlled. In such cases, the declared transaction value may be rejected if the sale is not at arm's length and the discounts are shown to be special intra-group concessions, permitting loading of value by reference to a transfer price list. The text also states that lump sum technical know-how fee and royalty may be included in assessable value where they form part of the commercial arrangement for the imported goods and satisfy the condition-of-sale requirement. Past imports may likewise be revalued on the same benchmark where the related-party nature was not disclosed at clearance. en-us Fri, 16 Oct 2015 00:00:00 +0530 Wed, 16 Nov 2016 14:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267636 Imports between fully controlled group entities may be treated as related-party transactions under the Customs Valuation Rules, 1988 where corporate policy, product specification, and marketing are centrally controlled. In such cases, the declared transaction value may be rejected if the sale is not at arm's length and the discounts are shown to be special intra-group concessions, permitting loading of value by reference to a transfer price list. The text also states that lump sum technical know-how fee and royalty may be included in assessable value where they form part of the commercial arrangement for the imported goods and satisfy the condition-of-sale requirement. Past imports may likewise be revalued on the same benchmark where the related-party nature was not disclosed at clearance. Case-Laws Customs Fri, 16 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267636