https://www.taxtmi.com/caselaws?id=459154 A customs valuation dispute concerning related-party imports required the Tribunal to read the Special Valuation Branch order as a whole. The order had rejected the declared transaction value and applied Rule 8 valuation, with year-wise loading fixed at 46% to 50% of GPL and a separate remark that higher declared values could be accepted where they exceeded the average annual selling price of unrelated buyers in India. The Tribunal treated the specific year-wise findings and supporting market data as controlling, and held that the concluding sentence could not override them. Finalisation of the provisional assessments on the revised loading basis and the refund of excess duty were therefore sustained. en-us Thu, 18 May 2023 00:00:00 +0530 Mon, 02 Dec 2024 21:07:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459154 A customs valuation dispute concerning related-party imports required the Tribunal to read the Special Valuation Branch order as a whole. The order had rejected the declared transaction value and applied Rule 8 valuation, with year-wise loading fixed at 46% to 50% of GPL and a separate remark that higher declared values could be accepted where they exceeded the average annual selling price of unrelated buyers in India. The Tribunal treated the specific year-wise findings and supporting market data as controlling, and held that the concluding sentence could not override them. Finalisation of the provisional assessments on the revised loading basis and the refund of excess duty were therefore sustained. Case-Laws Customs Thu, 18 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459154