https://www.taxtmi.com/caselaws?id=45360 Where customs valuation turns on whether buyer and seller are related persons, the corporate veil may be lifted in appropriate facts and circumstances to identify the real relationship between the parties. The Supreme Court principle applied in the text accepts that veil piercing is permissible under Rule 2(2) of the Customs Valuation Rules, 1988 when needed to determine related-person status. The operative effect is that authorities and the Tribunal may examine the underlying corporate structure and contractual relationship for customs valuation purposes. en-us Thu, 02 Dec 1999 00:00:00 +0530 Sat, 10 Jul 2010 10:55:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=45360 Where customs valuation turns on whether buyer and seller are related persons, the corporate veil may be lifted in appropriate facts and circumstances to identify the real relationship between the parties. The Supreme Court principle applied in the text accepts that veil piercing is permissible under Rule 2(2) of the Customs Valuation Rules, 1988 when needed to determine related-person status. The operative effect is that authorities and the Tribunal may examine the underlying corporate structure and contractual relationship for customs valuation purposes. Case-Laws Customs Thu, 02 Dec 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=45360