https://www.taxtmi.com/caselaws?id=794289 Declared transaction value for related-party spare-part imports was rejected because multiple pricing methods and material pricing inputs were not fully disclosed to Customs. After rejection, assessable value had to be redetermined under the deductive method for listed parts and the computed method where no list price existed, and freight and insurance could not be added again. Trade discount, eligible selling and general expenses, and GPSC-related expenses were allowed as deductions. Interest and penalty on the CVD/SAD component were held unsustainable, confiscation based on an unnotified allegation was set aside, and personal penalties on employees were removed. The demand was held not barred by limitation because suppression and misdeclaration justified the extended period. en-us Wed, 06 May 2026 00:00:00 +0530 Fri, 03 Jul 2026 08:49:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794289 Declared transaction value for related-party spare-part imports was rejected because multiple pricing methods and material pricing inputs were not fully disclosed to Customs. After rejection, assessable value had to be redetermined under the deductive method for listed parts and the computed method where no list price existed, and freight and insurance could not be added again. Trade discount, eligible selling and general expenses, and GPSC-related expenses were allowed as deductions. Interest and penalty on the CVD/SAD component were held unsustainable, confiscation based on an unnotified allegation was set aside, and personal penalties on employees were removed. The demand was held not barred by limitation because suppression and misdeclaration justified the extended period. Case-Laws Customs Wed, 06 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794289