2005 (4) TMI 358

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....t. [Order per : C.N.B. Nair, Member (T)]. - Heard both sides. 2. The appellant imported Hepatitis-B Vaccine consignment from its holding company. Under the impugned order the transaction value has been rejected for the purpose of assessment to Customs duty and goods ordered to be assessed at the list price of the holding company. The consignment has also been confiscated and penalty impos....

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....n involved and confiscation of the goods was unjustified. 4. We have heard learned SDR and perused record. The transaction is admittedly between related persons. Therefore, its commercial nature is required to be established. Except that the payment made is at the transaction price, the appellant has no material to show that the transaction was not affected by the relationship. Even though a....