https://www.taxtmi.com/circulars?id=1446 Royalties and license fees required to be paid in connection with imported cinematographic films must be added to the price actually paid or payable under the Customs Valuation Rules, 1988, where such payments are not already included, so that Customs duty is levied on the intrinsic value of the films inclusive of related royalty/license payments; the earlier notification limiting duty to the cost of the print plus freight and insurance has been rescinded, and assessing officers are to apply this valuation treatment. en-us Thu, 12 Dec 2002 00:00:00 +0530 Sun, 20 Jan 2008 18:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=1446 Royalties and license fees required to be paid in connection with imported cinematographic films must be added to the price actually paid or payable under the Customs Valuation Rules, 1988, where such payments are not already included, so that Customs duty is levied on the intrinsic value of the films inclusive of related royalty/license payments; the earlier notification limiting duty to the cost of the print plus freight and insurance has been rescinded, and assessing officers are to apply this valuation treatment. Circulars Customs Thu, 12 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/circulars?id=1446