Royalty or Technical Know How Fees Paid to Foreign Collaborator Not a Condition of Sale of Imported Goods; Excluded from Assessable Value for Customs Duty Calculation as Conditions under Rule 9(1)(c) of Customs Valuation Rules Not Satisfied: CESTAT [Read Order]

By Devanand T R - On September 11, 2023 11:30 am - 2 mins read
Royalty - Fees - Foreign Collaborator - Condition of Sale of Imported Goods Customs Valuation Rules Not Satisfied - CESTAT - excise - taxscan

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chennai Bench has upheld that royalty or technical know how fees paid by an importer to a foreign collaborator should not be considered a condition of sale of imported goods. As a result, these fees are excluded from the assessable value for calculating customs duty, as…

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