https://www.taxtmi.com/caselaws?id=117250 Royalty payable under an exclusive manufacturing arrangement was treated as includible in the assessable value of imported shuttle assemblies because the imported components were supplied only by the foreign supplier and were integral to the manufacture for which royalty was payable; the royalty was therefore regarded as a condition of sale under the Customs Valuation Rules, 1998. The adjudicating authority's valuation was sustained because the importer did not produce reliable evidence displacing the contractual price. Penalty under section 114A of the Customs Act, 1962 was not leviable where duty had been paid before issue of the show cause notice. Confiscation and redemption fine under sections 111(m) and 125 were upheld as consequential to the valuation finding. en-us Tue, 24 Jan 2006 00:00:00 +0530 Thu, 21 Jun 2012 13:17:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117250 Royalty payable under an exclusive manufacturing arrangement was treated as includible in the assessable value of imported shuttle assemblies because the imported components were supplied only by the foreign supplier and were integral to the manufacture for which royalty was payable; the royalty was therefore regarded as a condition of sale under the Customs Valuation Rules, 1998. The adjudicating authority's valuation was sustained because the importer did not produce reliable evidence displacing the contractual price. Penalty under section 114A of the Customs Act, 1962 was not leviable where duty had been paid before issue of the show cause notice. Confiscation and redemption fine under sections 111(m) and 125 were upheld as consequential to the valuation finding. Case-Laws Customs Tue, 24 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117250