https://www.taxtmi.com/caselaws?id=336560 Mere equity participation or board representation does not, by itself, establish related-person status or justify rejection of transaction value under the Customs Valuation Rules unless there is evidence that the relationship influenced the price. The Tribunal found no independent evidence supporting enhancement of the declared import value and agreed that the record did not show the requisite degree of ownership or price influence. The declared value was therefore accepted and the Revenue's challenge failed. en-us Thu, 28 Apr 2016 00:00:00 +0530 Sat, 24 Dec 2016 07:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336560 Mere equity participation or board representation does not, by itself, establish related-person status or justify rejection of transaction value under the Customs Valuation Rules unless there is evidence that the relationship influenced the price. The Tribunal found no independent evidence supporting enhancement of the declared import value and agreed that the record did not show the requisite degree of ownership or price influence. The declared value was therefore accepted and the Revenue's challenge failed. Case-Laws Customs Thu, 28 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336560