https://www.taxtmi.com/caselaws?id=1312 Royalty or licence fees are includible in the customs assessable value of imported goods when they form part of the consideration for the import and are payable as a condition of sale, to the extent not already included in the price actually paid or payable. Applying Section 14 of the Customs Act and the Customs Valuation Rules, the text states that royalty linked to rights to exploit and distribute imported feature film prints and trailers was treated as a condition precedent to the import transaction. The valuation challenge therefore failed, and the royalty was correctly included in assessable value. en-us Mon, 11 Dec 2006 00:00:00 +0530 Mon, 14 Apr 2008 16:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1312 Royalty or licence fees are includible in the customs assessable value of imported goods when they form part of the consideration for the import and are payable as a condition of sale, to the extent not already included in the price actually paid or payable. Applying Section 14 of the Customs Act and the Customs Valuation Rules, the text states that royalty linked to rights to exploit and distribute imported feature film prints and trailers was treated as a condition precedent to the import transaction. The valuation challenge therefore failed, and the royalty was correctly included in assessable value. Case-Laws Customs Mon, 11 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1312