https://www.taxtmi.com/caselaws?id=247786 Royalty and licence fees paid under agreements for import of beta and digibeta tapes containing films were held includible in the assessable value because the payments were a condition precedent to supply and formed part of the contractual consideration under the valuation rules. On limitation, the majority found that extended duty demand could not be sustained absent deliberate suppression with intent to evade duty, particularly where the importer disclosed media cost but did not disclose the additional contractual payments and the legal position was unsettled at the relevant time. The demand, interest and penal consequences were therefore time barred. en-us Wed, 22 Jan 2014 00:00:00 +0530 Mon, 08 Feb 2016 11:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247786 Royalty and licence fees paid under agreements for import of beta and digibeta tapes containing films were held includible in the assessable value because the payments were a condition precedent to supply and formed part of the contractual consideration under the valuation rules. On limitation, the majority found that extended duty demand could not be sustained absent deliberate suppression with intent to evade duty, particularly where the importer disclosed media cost but did not disclose the additional contractual payments and the legal position was unsettled at the relevant time. The demand, interest and penal consequences were therefore time barred. Case-Laws Customs Wed, 22 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247786