https://www.taxtmi.com/caselaws?id=337197 Declared transaction value of imported goods could not be rejected merely because the foreign collaborator held 50% equity in the importer. Enhancement of customs value requires proof of a related-person relationship based on mutuality of interest and reciprocal commercial control; mere shareholding, nominee participation, or collaborative involvement is insufficient without independent evidence that each party has a corresponding business interest in the other. In the absence of such proof, the declared value remains acceptable and cannot be enhanced on that ground. en-us Tue, 06 Dec 2016 00:00:00 +0530 Thu, 05 Jan 2017 09:10:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337197 Declared transaction value of imported goods could not be rejected merely because the foreign collaborator held 50% equity in the importer. Enhancement of customs value requires proof of a related-person relationship based on mutuality of interest and reciprocal commercial control; mere shareholding, nominee participation, or collaborative involvement is insufficient without independent evidence that each party has a corresponding business interest in the other. In the absence of such proof, the declared value remains acceptable and cannot be enhanced on that ground. Case-Laws Customs Tue, 06 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337197