Fees Paid to Foreign Affiliates For Management Services and Trademark Licensing Not Includable in Imported Goods Valuation: CESTAT [Read Order]
The tribunal observed that fees related to downstream manufacturing or service arrangements, as in this case, are not includable in the transaction value of imported goods
By Varda Marakkar - On October 6, 2024 9:45 am - 3 mins read
Recently in a ruling, the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) held that fees paid to foreign affiliates for management services and trademark licensing are not to be included in the transaction value of imported goods. The case arose when the assessee/appellant, M/s. Schenck Process India Private Limited, engaged in the design,…
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