https://www.taxtmi.com/highlights?id=67499 Valuation of imported goods - undervaluation - deemed relationship between GOI, OMIFCO and the Appellants - related party or not - Department has not produced any evidence to show that the relationship between the parties has influenced the price. Therefore, the reasons for rejecting the transaction value is not in consonance with law and therefore liable to be set aside - Since the charges of misdeclaration & undervaluation are not sustainable in law, the differential duty demand along with interest and penalties imposed is liable to be set aside. - AT en-us Thu, 05 Jan 2023 13:02:57 +0530 Thu, 05 Jan 2023 13:02:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=67499 Valuation of imported goods - undervaluation - deemed relationship between GOI, OMIFCO and the Appellants - related party or not - Department has not produced any evidence to show that the relationship between the parties has influenced the price. Therefore, the reasons for rejecting the transaction value is not in consonance with law and therefore liable to be set aside - Since the charges of misdeclaration & undervaluation are not sustainable in law, the differential duty demand along with interest and penalties imposed is liable to be set aside. - AT Highlights Customs Thu, 05 Jan 2023 13:02:57 +0530 https://www.taxtmi.com/highlights?id=67499