https://www.taxtmi.com/caselaws?id=432408 Import valuation under the Customs valuation rules cannot be rejected merely because buyer and seller are alleged to be related; the department must first establish a statutory relationship and then prove that the relationship influenced the price. On the facts described, the record did not show the recognised categories of related persons, such as mutual officers or directors, partnership, or control by a third person. Even assuming some relationship existed, there was no evidence of flow-back, price influence, or any other ground to discard the declared transaction value. The declared value was therefore accepted and the proposed duty, interest and penalty consequences could not be sustained. en-us Fri, 11 Nov 2022 00:00:00 +0530 Wed, 04 Jan 2023 17:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432408 Import valuation under the Customs valuation rules cannot be rejected merely because buyer and seller are alleged to be related; the department must first establish a statutory relationship and then prove that the relationship influenced the price. On the facts described, the record did not show the recognised categories of related persons, such as mutual officers or directors, partnership, or control by a third person. Even assuming some relationship existed, there was no evidence of flow-back, price influence, or any other ground to discard the declared transaction value. The declared value was therefore accepted and the proposed duty, interest and penalty consequences could not be sustained. Case-Laws Customs Fri, 11 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432408