https://www.taxtmi.com/caselaws?id=255685 The Tribunal allowed the appeal, setting aside the Order-in-Appeal that included royalty/licence fee in the assessable value of imported goods. It was determined that the royalty payment was based on value addition in India, not on imported raw materials' value, and was unrelated to import prices. The collaboration agreement terms clarified that royalty was for technical know-how and consultancy services, distinct from imported goods. Precedents like ABB Ltd. Vs. CC (Import), Mumbai, and Foseco India Ltd. case were relied upon to support the decision to exclude royalty from the assessable value, leading to the appeal's allowance and consequential relief. en-us Thu, 18 Sep 2014 00:00:00 +0530 Tue, 23 Feb 2016 10:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255685 The Tribunal allowed the appeal, setting aside the Order-in-Appeal that included royalty/licence fee in the assessable value of imported goods. It was determined that the royalty payment was based on value addition in India, not on imported raw materials' value, and was unrelated to import prices. The collaboration agreement terms clarified that royalty was for technical know-how and consultancy services, distinct from imported goods. Precedents like ABB Ltd. Vs. CC (Import), Mumbai, and Foseco India Ltd. case were relied upon to support the decision to exclude royalty from the assessable value, leading to the appeal's allowance and consequential relief. Case-Laws Customs Thu, 18 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255685