https://www.taxtmi.com/article/detailed?id=9868 Where buyer and seller are related, Customs Valuation Rules, 1988 require acceptance of the declared transaction value if examination of sale circumstances indicates the relationship did not influence price; if doubts exist the importer may demonstrate close approximation to comparable values with due adjustments. Authorities must first identify reasons to doubt acceptability, demonstrate how the relationship affected price, consider importer evidence and obtain necessary tests or clarifications before loading value. Failure to record reasons or to properly apply comparability adjustments warrants remand for fresh, reasoned inquiry. en-us Sat, 26 Jun 2021 07:53:02 +0530 Sat, 26 Jun 2021 07:53:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9868 Where buyer and seller are related, Customs Valuation Rules, 1988 require acceptance of the declared transaction value if examination of sale circumstances indicates the relationship did not influence price; if doubts exist the importer may demonstrate close approximation to comparable values with due adjustments. Authorities must first identify reasons to doubt acceptability, demonstrate how the relationship affected price, consider importer evidence and obtain necessary tests or clarifications before loading value. Failure to record reasons or to properly apply comparability adjustments warrants remand for fresh, reasoned inquiry. Articles Customs - Import - Export - SEZ Sat, 26 Jun 2021 07:53:02 +0530 https://www.taxtmi.com/article/detailed?id=9868