https://www.taxtmi.com/caselaws?id=359236 The tribunal upheld the inclusion of the royalty fee in the assessable value of imported goods, citing various judgments. It found that Rule 10 of the Customs Valuation Rules was correctly invoked, as the goods were not loaned but imported for usage. The tribunal determined that the assessable value should include both the media and the contents of the goods. The extended period for invoking customs duty was deemed justified due to material differences in the case. However, the imposition of a redemption fine was considered unjustified, leading to the modification of the order to remove the redemption fine. en-us Thu, 05 Apr 2018 00:00:00 +0530 Mon, 04 Mar 2019 11:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359236 The tribunal upheld the inclusion of the royalty fee in the assessable value of imported goods, citing various judgments. It found that Rule 10 of the Customs Valuation Rules was correctly invoked, as the goods were not loaned but imported for usage. The tribunal determined that the assessable value should include both the media and the contents of the goods. The extended period for invoking customs duty was deemed justified due to material differences in the case. However, the imposition of a redemption fine was considered unjustified, leading to the modification of the order to remove the redemption fine. Case-Laws Customs Thu, 05 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359236