CAAR Declines Advance Ruling on Related-Party Transaction Value Due to SVB Jurisdiction

In Beckhoff Automation Private Limited (CAAR Mumbai) Beckhoff Automation Private Limited filed an application before the Customs Authority for Advance Rulings (CAAR), Mumbai on 05 August 2025 under section 28-ll of the Customs Act, 1962. The applicant sought an advance ruling regarding the principle of product pricing used to determine the transaction value of goods imported from its overseas related entity, Beckhoff Automation GmbH & Co. KG, Germany. The request was made in the context of Section 14 of the Customs Act, 1962 read with the Customs Valuation (Determination of Value of Import...