https://www.taxtmi.com/caselaws?id=353988 Related-party import agreements that require the buyer to incur advertising and promotion expenditure for the seller's brand can render that expenditure part of the assessable value under the Customs Valuation Rules, 2007, where it is treated as a condition of sale rather than an independent marketing cost. Non-production of the agreement before valuation authorities may amount to suppression of material facts, permitting invocation of the extended limitation period. On these facts, the valuation addition, differential duty, interest, and penalty were sustained. en-us Fri, 12 Jan 2018 00:00:00 +0530 Tue, 12 Mar 2019 11:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353988 Related-party import agreements that require the buyer to incur advertising and promotion expenditure for the seller's brand can render that expenditure part of the assessable value under the Customs Valuation Rules, 2007, where it is treated as a condition of sale rather than an independent marketing cost. Non-production of the agreement before valuation authorities may amount to suppression of material facts, permitting invocation of the extended limitation period. On these facts, the valuation addition, differential duty, interest, and penalty were sustained. Case-Laws Customs Fri, 12 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353988