https://www.taxtmi.com/caselaws?id=364571 Licence fee or royalty payable under an import licence agreement was treated as part of the transaction value because the declared invoice value did not include that component and no evidence showed it was properly intimated for declaration at import. The enhanced assessable value was therefore upheld. Mis-declaration of value was also sustained, so confiscation and penalty were maintained, but the redemption fine and penalty were reduced in view of the limited duty difference arising from the value enhancement. en-us Thu, 12 Jul 2018 00:00:00 +0530 Wed, 01 Aug 2018 06:49:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364571 Licence fee or royalty payable under an import licence agreement was treated as part of the transaction value because the declared invoice value did not include that component and no evidence showed it was properly intimated for declaration at import. The enhanced assessable value was therefore upheld. Mis-declaration of value was also sustained, so confiscation and penalty were maintained, but the redemption fine and penalty were reduced in view of the limited duty difference arising from the value enhancement. Case-Laws Customs Thu, 12 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364571