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2013 (9) TMI 619 - AT - CustomsValuation of goods - transaction with related parties - Held that:- There was no reason to reject the transaction value declared by the assesses - there was no evidence led by the department to show that the transaction value declared by the appellant had been influenced by the relationship between the foreign supplier and the appellant importer - evidences available on record show that the prices declared are comparable with prices of similar supplies made to importers in other countries – relied upon CC, New Delhi Vs. Prodelin India (P) Ltd. (2006 (8) TMI 186 - SUPREME COURT OF INDIA) - merely because the importer and the foreign supplier are related persons, the transaction value cannot be rejected and the onus to prove that the declared price did not reflect true transaction value was always on the department and in the absence of any evidence that identical or similar goods imported by other importers are at higher price - the department was bound to accept the transaction value – decided in favour of assessee.
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