https://www.taxtmi.com/caselaws?id=331914 Mere 40% shareholding by a foreign collaborator did not, by itself, establish that the importer and collaborator were related persons under the Customs Valuation Rules, 1988. In the absence of evidence of mutuality of interest, controlling influence, or any price influence arising from the relationship, the declared transaction value could not be rejected and the assessable value could not be enhanced. The challenge relating to the technical know-how fee was not reopened in this appeal. The value enhancement was therefore unjustified, and the Revenue's objection to the declared transaction value failed. en-us Wed, 31 Aug 2016 00:00:00 +0530 Wed, 31 Jan 2018 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331914 Mere 40% shareholding by a foreign collaborator did not, by itself, establish that the importer and collaborator were related persons under the Customs Valuation Rules, 1988. In the absence of evidence of mutuality of interest, controlling influence, or any price influence arising from the relationship, the declared transaction value could not be rejected and the assessable value could not be enhanced. The challenge relating to the technical know-how fee was not reopened in this appeal. The value enhancement was therefore unjustified, and the Revenue's objection to the declared transaction value failed. Case-Laws Customs Wed, 31 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331914