https://www.taxtmi.com/caselaws?id=1951 Declared transaction value cannot be rejected merely because the buyer and seller share common directors; absent material showing a statutory related-person relationship or that the relationship influenced price, the declared value remains sustainable. Export price also cannot be adopted for domestic valuation where the governing rule prohibits reliance on export prices for goods cleared to India. On these prima facie findings in a valuation dispute over ophthalmic lenses cleared to a sister concern, the applicants established a strong case for waiver of pre-deposit, and recovery was stayed pending appeal. en-us Tue, 08 May 2007 00:00:00 +0530 Tue, 15 Apr 2008 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1951 Declared transaction value cannot be rejected merely because the buyer and seller share common directors; absent material showing a statutory related-person relationship or that the relationship influenced price, the declared value remains sustainable. Export price also cannot be adopted for domestic valuation where the governing rule prohibits reliance on export prices for goods cleared to India. On these prima facie findings in a valuation dispute over ophthalmic lenses cleared to a sister concern, the applicants established a strong case for waiver of pre-deposit, and recovery was stayed pending appeal. Case-Laws Customs Tue, 08 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1951