https://www.taxtmi.com/caselaws?id=51268 Related party status alone does not justify rejection of declared customs transaction value unless the department proves lack of arm's length dealing, flow back of funds, or extra consideration. On the facts recorded, uniform worldwide pricing, supplier certificates, and chartered accountant evidence supported acceptance of the declared value, while the department produced no contrary material; the orders were also found to be non-speaking. If transaction value is rejected, the valuation must still follow the statutory sequence under Rule 6A, giving effect to the importer's request for computed value and the applicable approval mechanism before moving to alternative methods. The impugned order was set aside and the matter remanded for fresh assessment. en-us Tue, 05 Mar 2002 00:00:00 +0530 Thu, 23 Sep 2010 17:32:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51268 Related party status alone does not justify rejection of declared customs transaction value unless the department proves lack of arm's length dealing, flow back of funds, or extra consideration. On the facts recorded, uniform worldwide pricing, supplier certificates, and chartered accountant evidence supported acceptance of the declared value, while the department produced no contrary material; the orders were also found to be non-speaking. If transaction value is rejected, the valuation must still follow the statutory sequence under Rule 6A, giving effect to the importer's request for computed value and the applicable approval mechanism before moving to alternative methods. The impugned order was set aside and the matter remanded for fresh assessment. Case-Laws Customs Tue, 05 Mar 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51268