TMI BlogValuation of imported goods in case of related party transactionX X X X Extracts X X X X X X X X Extracts X X X X ..... thereto that the sole agent, sole distributor or sole concessionaire shall be deemed to be related only if they fall within the criteria of this sub-rule. Further, Rule 3(3) provides that where buyer and seller are related, the transaction value can be accepted if the examination of circumstances of the sale of the imported goods indicate that the relationship did not influence the price or if t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o the SVB for investigation. The Commissioner shall after due consideration of the preliminary findings, take a considered view whether: (a) the matter be referred to the SVB for further investigations and the goods be provisionally assessed to duty in terms of section 18 of the Customs Act, 1962 , or (b) the transaction does not merit investigation by the SVB, and that assessment be f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... control over the SVBs has been divested from DGOV and the same has been vested with the jurisdictional Chief Commissioner/ Principal Commissioner/ Commissioner. DGOV will continue to support the SVBs by issuing advisories on legal issues guidance notes. DGOV shall also qualitatively monitor investigation orders issued by SVBs. 9.5 The provision of taking Extra Duty Deposit @ 1% of declared a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... from related sellers where duty chargeable (including additional duty of customs etc.) is unconditionally fully exempt or NIL. (c) Any transaction where the value of imported goods is less than Rs.1 Lac but cumulatively these transactions do not exceed Rs 25 lac in any financial year. 9.7 Apart from investigation of transactions involving related parties, cases involving possible addition ..... X X X X Extracts X X X X X X X X Extracts X X X X
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