https://www.taxtmi.com/caselaws?id=336720 In related-party imports, transaction value could not be discarded without first recording sustainable reasons for rejection and showing that the relationship influenced price. The department had compared the declared prices with sales of identical or similar goods to unrelated buyers and had not established any other basis to reject the invoice value. The valuation issue had also already attained finality in earlier proceedings, so it could not be reopened in a later appeal without a fresh legal basis. The declared value was accepted and the revenue's challenge to revaluation failed. en-us Thu, 22 Dec 2016 00:00:00 +0530 Mon, 26 Dec 2016 22:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336720 In related-party imports, transaction value could not be discarded without first recording sustainable reasons for rejection and showing that the relationship influenced price. The department had compared the declared prices with sales of identical or similar goods to unrelated buyers and had not established any other basis to reject the invoice value. The valuation issue had also already attained finality in earlier proceedings, so it could not be reopened in a later appeal without a fresh legal basis. The declared value was accepted and the revenue's challenge to revaluation failed. Case-Laws Customs Thu, 22 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336720