https://www.taxtmi.com/caselaws?id=785777 Transaction value declared for related-party imports was examined against contemporaneous third-party prices; the article concludes that rejection of transaction value was unsustainable because the prior valuation board had accepted the declared value after considering relationship effects, price variations and exclusions, and the assessing officers reliance on third-party contemporaneous prices failed since buyers were not of the same class and import quantities differed. Sequential valuation under the Customs Valuation Rules was applied but adoption of Rule 9 based on third-party prices was held unjustified; resale overheads and permissible margins further supported retention of the transaction value and refund relief where duty paid under protest. en-us Fri, 30 Jan 2026 00:00:00 +0530 Sat, 31 Jan 2026 08:55:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785777 Transaction value declared for related-party imports was examined against contemporaneous third-party prices; the article concludes that rejection of transaction value was unsustainable because the prior valuation board had accepted the declared value after considering relationship effects, price variations and exclusions, and the assessing officers reliance on third-party contemporaneous prices failed since buyers were not of the same class and import quantities differed. Sequential valuation under the Customs Valuation Rules was applied but adoption of Rule 9 based on third-party prices was held unjustified; resale overheads and permissible margins further supported retention of the transaction value and refund relief where duty paid under protest. Case-Laws Customs Fri, 30 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785777