2004 (7) TMI 566

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....Respondent. [Order per : T. Anjaneyulu, Member (J)]. - Heard both sides. The issue pertains to determination of assessable value of goods imported by M/s. Tata Yutaka Autocomp Ltd., Pune, from M/s. Yutaka Giken Co. Ltd., Japan, under Section 14(1) of the Customs Act, 1962 read with Customs Valuation (Determination of Price of Imported Goods) Rules, 1988. TYAL imported automobile parts and filed....

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.... 4(3)(a) of Customs Valuation Rules, 1988 makes it very clear that even in case of related party transactions if the price charged on the imported items is adequate to ensure the recovery of all costs plus profit that would demonstrate that the price is not influenced as the amount paid towards cost of design and development, fabrication or testing of proto types to be paid by the appellant to YGC....