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of <h1>Supreme Court Rules Technical Knowhow Materials Not 'Printed Books' for Customs Exemption; Subject to 10% Duty.</h1> The circular addresses the classification of Technology Transfer Agreements (TTA) in relation to customs exemption notifications as 'printed books.' The Supreme Court ruled in the case of Commissioner of Customs vs. Parasampuria Synthetics Ltd. that technical knowhow materials such as plans, drawings, and literature do not qualify as 'printed books/manuals' for customs duty exemption. The Court outlined specific characteristics that define a 'book,' which the imported goods did not meet. Consequently, these items are classified as 'plans, designs, and drawings' subject to a 10% basic duty under notification No.25/95-Cus. Pending assessments should align with this ruling.
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