https://www.taxtmi.com/caselaws?id=439515 The Tribunal set aside the assessment order that loaded royalty amounts paid to related parties in the assessable value of imported goods, based on a previous Tribunal's decision. The Tribunal found no nexus between royalty payment and import of components, overturning the Commissioner's decision and allowing the appeal with consequential relief. The Tribunal emphasized that without evidence establishing a connection between royalty payment and imported components, adding royalty to the transaction value for assessable value calculation was unwarranted. en-us Fri, 02 Jun 2023 00:00:00 +0530 Tue, 27 Jun 2023 13:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439515 The Tribunal set aside the assessment order that loaded royalty amounts paid to related parties in the assessable value of imported goods, based on a previous Tribunal's decision. The Tribunal found no nexus between royalty payment and import of components, overturning the Commissioner's decision and allowing the appeal with consequential relief. The Tribunal emphasized that without evidence establishing a connection between royalty payment and imported components, adding royalty to the transaction value for assessable value calculation was unwarranted. Case-Laws Customs Fri, 02 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439515