Adjudicating Authority can reject transaction value if assessee fails to prove that relationship had not influenced price

[Arising out of Order-in-Appeal C.Cus.763/06 dated 23.10.2006 passed by the Commissioner of Customs (Appeals), Chennai]

Brief of the case:

The CESTAT Chennai in the case of Ansaldo STS Transportation Systems India Pvt. Ltd vs. Commissioner of Customs, Chennai held that if the importer had entered into transaction with related persons and failed to prove that the price had not been influenced by the relationship then adjudicating authority was justified in rejecting transaction value and arriving value as per Rule 5 to 8 of Customs Valuation Rules, 1988.

 Facts of the case:

Please become a Premium member. If you are already a Premium member, login here to access the full content.