Appellate Tribunal rules against including royalty in assessable value of goods

The Appellate Tribunal CESTAT, Mumbai upheld the Commissioner of Customs' order, rejecting the Revenue's appeal to include royalty in the assessable value of goods. The tribunal ruled that royalty should not be added to the value of goods manufactured in India.

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The Appellate Tribunal CESTAT, Mumbai upheld the order of the Commissioner of Customs regarding the inclusion of royalty in the assessable value of goods. The tribunal rejected the appeal by the Revenue, stating that royalty cannot be added to the value of goods manufactured in India.

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