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2016 (9) TMI 175 - CESTAT MUMBAIValuation – 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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