Valuation of imported goods - Related person - Merely because ...

Transfer of funds among Indian importers doesn't make them 'related persons' under Customs Act, 1962 & Valuation Rules.

November 15, 2021

Case Laws Customs AT

Valuation of imported goods - Related person - Merely because there were transfer of funds in India amongst three importers will not make them related persons in terms of Rule 2(2) of CVR,2007. The concept of related person under the Customs Act, 1962 is applicable only with regard to imported goods. The transfer of funds from one entity to another entity in India cannot have any bearing on the concept of related person with regard to the provisions of the Customs Act and Valuation Rules made there under - all the three importers cannot be treated as related persons. - AT

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Valuation of imported goods - Related person - Merely because ...

Transfer of funds among Indian importers doesn't make them 'related persons' under Customs Act, 1962 & Valuation Rules.

November 15, 2021

Case Laws Customs AT

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