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Customs - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Valuation of imported goods - related party transaction or not - ...


Court Rules on Related Party Transaction in Import Valuation; Department Lacks Evidence for 1% Value Increase.

August 16, 2019

Case Laws     Customs     AT

Valuation of imported goods - related party transaction or not - Department has not adduced any evidence of any contemporaneous imports - Loading of value by 1% in respect of imported capital goods i.e. slitting line, which is already included in the value declared is sufficient.

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