Valuation of goods transacted between related persons - Royalty...

Valuation of goods transacted between related persons - Royalty addition - The Appellate Tribunal scrutinized the jurisdictional implications and competence of the reviewing authority in making such a directive. - They found that the directive lacked a legal basis due to procedural irregularities and jurisdictional limitations. The Tribunal criticized the absence of proper notice and justification under relevant customs laws. They also questioned the competence of the reviewing authority to challenge the decision of the Deputy Commissioner, SVB, without sufficient cause for grievance. - In conclusion, the Tribunal set aside the impugned order and remanded the appeal to the first appellate authority for proper consideration in accordance with the scheme of Customs Act, 1962.