Supreme Court affirms single transaction ruling on design and engineering charges in import equipment value.

The Supreme Court of India upheld the Tribunal's decision that three agreements constituted a single transaction between the appellant and Davy Mckee (London) Limited. The agreements were deemed a package deal, with design and engineering charges properly included in the value of imported equipment. The appeal was dismissed, and no costs were awarded.

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The Supreme Court of India upheld the Tribunal's decision that three agreements formed a single transaction between the appellant and Davy Mckee (London) Limited. The agreements were considered a package deal, and design and engineering charges were properly added to the value of imported equipment. The appeal was dismissed, and no costs were awarded. (Case citation: 1997 (2) TMI 100 - SC)

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