https://www.taxtmi.com/caselaws?id=51069 30% shareholding by a foreign supplier in an Indian importer did not, by itself, establish mutuality of interest or make the parties related persons under the Customs Valuation Rules, 1988. Without evidence that the relationship influenced the declared price, and without contemporaneous imports of identical goods at higher prices to support comparison, rejection of the transaction value and resort to an alternative valuation method was not justified. The enhancement of assessable value was therefore held unsustainable, and the issue was decided in favour of the assessee. en-us Thu, 09 Aug 2001 00:00:00 +0530 Wed, 22 Sep 2010 15:18:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51069 30% shareholding by a foreign supplier in an Indian importer did not, by itself, establish mutuality of interest or make the parties related persons under the Customs Valuation Rules, 1988. Without evidence that the relationship influenced the declared price, and without contemporaneous imports of identical goods at higher prices to support comparison, rejection of the transaction value and resort to an alternative valuation method was not justified. The enhancement of assessable value was therefore held unsustainable, and the issue was decided in favour of the assessee. Case-Laws Customs Thu, 09 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51069