https://www.taxtmi.com/caselaws?id=330798 Related-party import valuation under Section 14(1) of the Customs Act, 1962 and the Customs Valuation Rules, 1988 cannot be enhanced without material showing that the relationship influenced price, that extra consideration passed, or that comparable contemporaneous imports support rejection of the declared value. The fact that the importer is a 100% Export Oriented Unit may keep valuation relevant for compliance and net foreign exchange purposes, but that factor alone does not justify arbitrary loading of assessable value. The order setting aside the enhancement was sustained. en-us Wed, 20 Jul 2016 00:00:00 +0530 Sat, 11 Feb 2017 10:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330798 Related-party import valuation under Section 14(1) of the Customs Act, 1962 and the Customs Valuation Rules, 1988 cannot be enhanced without material showing that the relationship influenced price, that extra consideration passed, or that comparable contemporaneous imports support rejection of the declared value. The fact that the importer is a 100% Export Oriented Unit may keep valuation relevant for compliance and net foreign exchange purposes, but that factor alone does not justify arbitrary loading of assessable value. The order setting aside the enhancement was sustained. Case-Laws Customs Wed, 20 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330798