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Customs - Highlights / Catch Notes

Home Highlights August 2013 Year 2013 This

Valuation of imported goods - related parties u/s 14 - there ...


Section 14: Related Parties Valuation Needs Two-Way Interest, But Business Interest Doesn't Disqualify Valuation.

August 9, 2013

Case Laws     Customs     AT

Valuation of imported goods - related parties u/s 14 - there should be two way interest between the buyer and seller was insufficient as the statutory requirement of buyer and seller having no interest in the business of each other does not imply that neither buyer has interest in the business of the other - AT

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