https://www.taxtmi.com/caselaws?id=759866 In customs valuation, the declared transaction value of related-party imports cannot be rejected unless the Department first proves with independent evidence that the invoice value is incorrect and that the relationship influenced the price. Mere reliance on NIDB data or contemporaneous import references is insufficient without showing true comparability in quality, quantity, origin and commercial terms, and without recording concrete reasons for doubting the declared value. On the facts, no such foundational evidence was shown, so re-determination of assessable value was unsustainable. en-us Wed, 09 Oct 2024 00:00:00 +0530 Thu, 10 Oct 2024 08:27:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759866 In customs valuation, the declared transaction value of related-party imports cannot be rejected unless the Department first proves with independent evidence that the invoice value is incorrect and that the relationship influenced the price. Mere reliance on NIDB data or contemporaneous import references is insufficient without showing true comparability in quality, quantity, origin and commercial terms, and without recording concrete reasons for doubting the declared value. On the facts, no such foundational evidence was shown, so re-determination of assessable value was unsustainable. Case-Laws Customs Wed, 09 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759866