Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Guidance on Royalties and Buying Commissions Under Customs Valuation Rules 1988: Clarifications and Valuation Methods Explained.</h1> The circular addresses the calculation of royalties and the deduction of buying commissions under the Customs Valuation Rules, 1988. It clarifies that royalties and license fees should be added to the invoice value if they relate to imported goods and are a condition of sale. If these cannot be quantified, the declared value may be rejected, and alternative valuation methods applied. Buying commissions are not to be added to the invoice value and should be billed separately. The document emphasizes the complexity of determining transaction values, especially when compensatory royalty payments are involved, and provides guidance on handling such scenarios.
TaxTMI 
TaxTMI 
