https://www.taxtmi.com/caselaws?id=100962 The declared price of the imported machine was not the sole consideration for sale because the licence fee for know-how was waived only on condition that the importer continued to buy raw materials exclusively from the foreign supplier for seven years. That contingent obligation was treated as indirect payment of the waived amount, so the additional monetary value had to be added to the declared price under the Customs valuation framework and Section 14 of the Customs Act, 1962. The licence-fee-linked consideration was therefore includible in assessable value, and Customs' valuation was upheld. en-us Mon, 31 Dec 2001 00:00:00 +0530 Wed, 08 Feb 2012 11:11:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100962 The declared price of the imported machine was not the sole consideration for sale because the licence fee for know-how was waived only on condition that the importer continued to buy raw materials exclusively from the foreign supplier for seven years. That contingent obligation was treated as indirect payment of the waived amount, so the additional monetary value had to be added to the declared price under the Customs valuation framework and Section 14 of the Customs Act, 1962. The licence-fee-linked consideration was therefore includible in assessable value, and Customs' valuation was upheld. Case-Laws Customs Mon, 31 Dec 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100962