The Indian Supreme Court of India delivered a ruling dated 4 September 2006 in the case of Prodelin India (P) Ltd. (unreported) on whether the transaction value is to be accepted by the customs authorities even if the parties involved in said transaction are related.
(a) Facts. Prodelin India (P) Ltd. (PIPL) was established under an agreement between Prodelin Corporation U.S.A. (PC USA) and Mr Ashok Mago of India, to provide marketing facilities for the promoti…