https://www.taxtmi.com/caselaws?id=774094 Related-party customs valuation requires acceptance of the declared transaction value unless the Department produces cogent evidence that the price is unacceptable. The article states that invoice prices could not be rejected without contemporaneous higher comparable imports or other material showing undervaluation, and that a prior SVB acceptance supported the declared value. It also explains that LME prices are only market indicators and cannot, by themselves, displace transaction value in the absence of evidence of flow back, royalty, technical fees, or any other factor showing that the relationship influenced price. The remand was therefore unsustainable and the declared assessable value stood accepted. en-us Wed, 02 Jul 2025 00:00:00 +0530 Wed, 02 Jul 2025 13:08:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774094 Related-party customs valuation requires acceptance of the declared transaction value unless the Department produces cogent evidence that the price is unacceptable. The article states that invoice prices could not be rejected without contemporaneous higher comparable imports or other material showing undervaluation, and that a prior SVB acceptance supported the declared value. It also explains that LME prices are only market indicators and cannot, by themselves, displace transaction value in the absence of evidence of flow back, royalty, technical fees, or any other factor showing that the relationship influenced price. The remand was therefore unsustainable and the declared assessable value stood accepted. Case-Laws Customs Wed, 02 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774094