Customs valuation of imported goods for trading activity

In re Foxconn Technology (India) Pvt. Ltd. (CAAR Mumbai) 1. The applicant M/s. Foxconn Technology (India) Private Limited (hereinafter referred to as FTIPL / applicant) is engaged in the business of manufacturing and trading electronic products, particularly communication network products and components, computers and computer parts, devices and systems for use in various industrial and domestic sectors. The applicant company is a subsidiary of Ingrasys (Singapore) PTE Ltd (hereafter referred to as “Ingrasys Singapore”) which holds 99% of the share capital of the applicant company....