https://www.taxtmi.com/caselaws?id=51319 Declared transaction value remains the starting point for customs valuation, and it cannot be rejected merely because the foreign supplier holds an equity interest in the importer. The text states that an assumed possibility of profit or sale proceeds accruing to the supplier is insufficient, by itself, to justify departure from the declared value or the use of alternative valuation methods. It further notes that resort to deductive valuation was unwarranted on the facts, so the declared CIF value was accepted and the enhanced assessable value was held unsustainable. en-us Fri, 08 Feb 2002 00:00:00 +0530 Fri, 24 Sep 2010 10:38:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51319 Declared transaction value remains the starting point for customs valuation, and it cannot be rejected merely because the foreign supplier holds an equity interest in the importer. The text states that an assumed possibility of profit or sale proceeds accruing to the supplier is insufficient, by itself, to justify departure from the declared value or the use of alternative valuation methods. It further notes that resort to deductive valuation was unwarranted on the facts, so the declared CIF value was accepted and the enhanced assessable value was held unsustainable. Case-Laws Customs Fri, 08 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51319