https://www.taxtmi.com/caselaws?id=268695 Royalty paid for use of a trademark on finished goods manufactured and sold in India was not includible in the assessable value of imported goods under Rule 10(1)(c) of the Customs Valuation Rules, 2007. The provision applies only where the royalty is both related to the imported goods and payable as a condition of their sale. Here, the agreements did not require raw materials to be purchased only from the licensor or its associates, and the materials could be sourced locally or from other suppliers. The royalty formula alone did not establish the necessary nexus with the imported goods, so loading the invoice value was unsustainable. en-us Wed, 01 Apr 2015 00:00:00 +0530 Sat, 13 Feb 2016 11:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268695 Royalty paid for use of a trademark on finished goods manufactured and sold in India was not includible in the assessable value of imported goods under Rule 10(1)(c) of the Customs Valuation Rules, 2007. The provision applies only where the royalty is both related to the imported goods and payable as a condition of their sale. Here, the agreements did not require raw materials to be purchased only from the licensor or its associates, and the materials could be sourced locally or from other suppliers. The royalty formula alone did not establish the necessary nexus with the imported goods, so loading the invoice value was unsustainable. Case-Laws Customs Wed, 01 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268695