https://www.taxtmi.com/caselaws?id=43961 Invoice value for imported CKD packs and components was accepted under Section 14(1)(a) of the Customs Act, 1962 because the parties dealt at arm's length and there was no material showing that the buyer and seller had any mutual interest or that the declared price was not the true price. The collaboration agreement for technical know-how and the supply contract for goods were treated as independent commercial transactions, and no nexus was shown between the lump sum technology payment and the price of the imported goods. The revenue therefore failed to prove that the invoice value was not the sole consideration for sale, so rejection of the declared value and resort to Section 14(1)(b) and Rule 8 of the Customs Valuation Rules, 1963 were not justified. en-us Wed, 08 Mar 1995 00:00:00 +0530 Thu, 16 Oct 2025 12:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=43961 Invoice value for imported CKD packs and components was accepted under Section 14(1)(a) of the Customs Act, 1962 because the parties dealt at arm's length and there was no material showing that the buyer and seller had any mutual interest or that the declared price was not the true price. The collaboration agreement for technical know-how and the supply contract for goods were treated as independent commercial transactions, and no nexus was shown between the lump sum technology payment and the price of the imported goods. The revenue therefore failed to prove that the invoice value was not the sole consideration for sale, so rejection of the declared value and resort to Section 14(1)(b) and Rule 8 of the Customs Valuation Rules, 1963 were not justified. Case-Laws Customs Wed, 08 Mar 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=43961