https://www.taxtmi.com/caselaws?id=441582 Commercial connection through a joint venture, equity participation, board representation, or long-term supply arrangements does not by itself make the importer and foreign supplier related persons under the Customs Valuation Rules, 2007. The party challenging valuation must prove that the relationship affected the price. In the absence of evidence of flow back, price manipulation, or other material showing influence on the declared value, transaction value remains acceptable under Rule 3(3)(a) even if a related relationship is assumed. The declared transaction value therefore cannot be rejected merely on association or common business structure. en-us Mon, 07 Aug 2023 00:00:00 +0530 Fri, 11 Aug 2023 08:16:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441582 Commercial connection through a joint venture, equity participation, board representation, or long-term supply arrangements does not by itself make the importer and foreign supplier related persons under the Customs Valuation Rules, 2007. The party challenging valuation must prove that the relationship affected the price. In the absence of evidence of flow back, price manipulation, or other material showing influence on the declared value, transaction value remains acceptable under Rule 3(3)(a) even if a related relationship is assumed. The declared transaction value therefore cannot be rejected merely on association or common business structure. Case-Laws Customs Mon, 07 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441582