Royalty not includable in Transaction Value of Imported Raw Materials to demand Differential Customs Duty: CESTAT [Read Order]

There is no condition of sale attached to importation of raw materials and having not met the required conditions of Rule 10(1)(c), payment of royalty amounts cannot be added to the transaction value of import of raw materials, rules CESTAT
CESTAT - Customs - excise - service tax - Raw Materials - Value of raw materials - TAXSCAN

The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) held that royalty not includable in transaction value of imported raw materials to demand differential customs duty. The Customs Appeal has been filed by the Appellant assailing Order-in-Appeal passed by the Commissioner of Customs (Appeals), Chennai upholding Order-in-Original, ordering for…

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