https://www.taxtmi.com/caselaws?id=117264 Customs valuation permits rejection of declared invoice price only where relationship between the parties is shown to have influenced the price; absent evidence of distortion, the transaction value remains acceptable. Payments for technical know-how or royalty are includible in assessable value only when they relate directly to the imported goods or form a condition of sale of those goods. Where the know-how covers designs, drawings, specifications, processes and post-import manufacturing use, and the royalty is linked to finished products rather than the imported spares and components, those amounts are excluded from assessable value. The declared transaction value was therefore sustainable. en-us Wed, 01 Feb 2006 00:00:00 +0530 Thu, 21 Jun 2012 13:40:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117264 Customs valuation permits rejection of declared invoice price only where relationship between the parties is shown to have influenced the price; absent evidence of distortion, the transaction value remains acceptable. Payments for technical know-how or royalty are includible in assessable value only when they relate directly to the imported goods or form a condition of sale of those goods. Where the know-how covers designs, drawings, specifications, processes and post-import manufacturing use, and the royalty is linked to finished products rather than the imported spares and components, those amounts are excluded from assessable value. The declared transaction value was therefore sustainable. Case-Laws Customs Wed, 01 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117264