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2016 (9) TMI 175 - AT - CustomsValuation joint venture related parties relationship influencing the price - transaction value - Rule 4(3)(b) of the Customs valuation Rules Held that: - merely by holding 40% equity by the foreign company, Indian company cannot become a related person to the foreign company. Therefore, when there is no relationship, transaction value cannot be questioned. Rule 4(3)(b) does not apply appeal dismissed decided against Revenue.
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