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2017 (1) TMI 467 - AT - CustomsValuation of imported goods - related party - enhancement of value - related party transaction - Held that: - A reading of the contract clearly indicates that the appellant has to import the goods and sell the same at the maximum price decided by the supplier himself does not mean that appellant and supplier are related. On perusal of the exporter’s price list, we find that the price declared by appellant for the consignment in question is in accordance with the price list as published by the supplier. The said price list produced by appellant is not disputed by the revenue. The restrictive clauses are general clauses, always agreed upon by the seller and the purchaser in order to have healthy business relations and cannot be considered as a clause which denotes the relationship as per provisions of Rule 2(2) of the Customs Valuation Rules, 1988 - the enhancement of value not justified - appeal allowed - decided in favor of appellant.
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