Seeks to exempt royalty and license fee from Integrated tax to the extent it is paid on the consideration attributable to royalty and license fee included in transaction value under Rule 10(1)(c) of Customs Valuation (Determination of value of imported Goods) Rules, 2007. - 06/2018 - Integrated GST (IGST) Rate
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IGST exemption on imported royalties and license fees to extent of customs duties paid on declared consideration. Exempts IGST on specified imported services to the extent of the aggregate customs duties leviable on consideration declared as royalties and license fees included in the transaction value under the Customs Valuation Rules, where the appropriate customs duties have been paid on that declared portion.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
IGST exemption on imported royalties and license fees to extent of customs duties paid on declared consideration.
Exempts IGST on specified imported services to the extent of the aggregate customs duties leviable on consideration declared as royalties and license fees included in the transaction value under the Customs Valuation Rules, where the appropriate customs duties have been paid on that declared portion.
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