https://www.taxtmi.com/caselaws?id=440316 The licence fee payable under a technology agreement was not required to be added to the transaction value of imported components for customs duty purposes because it was linked to technology use for manufacture and assembly, not to the purchase of the goods as such. The valuation rules still required the payment to be a condition of sale of the imported goods, and no material established that this condition was met. The explanation to Rule 10(1)(c) of the Customs Valuation Rules, 2007 did not remove that requirement. Earlier decisions in the same assessee's case and later valuation rulings were followed, while a cited authority was distinguished on its facts. en-us Tue, 11 Jul 2023 00:00:00 +0530 Fri, 14 Jul 2023 11:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440316 The licence fee payable under a technology agreement was not required to be added to the transaction value of imported components for customs duty purposes because it was linked to technology use for manufacture and assembly, not to the purchase of the goods as such. The valuation rules still required the payment to be a condition of sale of the imported goods, and no material established that this condition was met. The explanation to Rule 10(1)(c) of the Customs Valuation Rules, 2007 did not remove that requirement. Earlier decisions in the same assessee's case and later valuation rulings were followed, while a cited authority was distinguished on its facts. Case-Laws Customs Tue, 11 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440316