https://www.taxtmi.com/caselaws?id=86596 Royalty, lump-sum know-how fee and licence fee paid under a collaboration agreement were held includible in the assessable value of imported parts and components because the payments were integral to obtaining the goods in a commercially usable form for manufacture and sale. The valuation principle applied under Section 14 of the Customs Act, 1962 and Rule 9 of the Customs Valuation Rules, 1988 requires inclusion of the full consideration necessary to secure the import where technical know-how, patent use and marketing rights are inseparable from the import arrangement. The imported goods therefore had to be revalued by including the collaboration-linked payments. en-us Thu, 20 Feb 1997 00:00:00 +0530 Thu, 25 Aug 2011 18:10:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=86596 Royalty, lump-sum know-how fee and licence fee paid under a collaboration agreement were held includible in the assessable value of imported parts and components because the payments were integral to obtaining the goods in a commercially usable form for manufacture and sale. The valuation principle applied under Section 14 of the Customs Act, 1962 and Rule 9 of the Customs Valuation Rules, 1988 requires inclusion of the full consideration necessary to secure the import where technical know-how, patent use and marketing rights are inseparable from the import arrangement. The imported goods therefore had to be revalued by including the collaboration-linked payments. Case-Laws Customs Thu, 20 Feb 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=86596