Royalty and License Fees are not addable in Transaction value of Imported Parts and Components: CESTAT [Read Order]

Royalty is not addable to the transaction value of the imported parts and components
CESTAT - Royalty and License Fees - Transaction Value - customs and excise - royalty on imported parts - license fees on importedparts - taxscan

The Kolkata bench of the Customs Excise and Service Tax Appellate Tribunal ( CESTAT ) ruled that royalty and license fees are not addable to the transaction value of imported parts and components. The respondent, M/s. Humboldt Wedag India Private Limited, is a subsidiary of the M/s Humboldt Wedag GmbH, Germany and is engaged in…

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