https://www.taxtmi.com/caselaws?id=451093 CESTAT Chennai held that royalty and technical know-how fees paid to foreign suppliers cannot be included in transaction value unless they are a condition of sale for imported goods. The tribunal found no evidence that such payments were prerequisites for machinery import. The Commissioner (Appeals) order remanding the matter was deemed improper since the original authority erroneously rejected transaction value without proper grounds. The declared transaction value was upheld and the order to include royalty fees was set aside. Appeal allowed in favor of appellant. en-us Tue, 19 Mar 2024 00:00:00 +0530 Wed, 20 Mar 2024 09:18:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=451093 CESTAT Chennai held that royalty and technical know-how fees paid to foreign suppliers cannot be included in transaction value unless they are a condition of sale for imported goods. The tribunal found no evidence that such payments were prerequisites for machinery import. The Commissioner (Appeals) order remanding the matter was deemed improper since the original authority erroneously rejected transaction value without proper grounds. The declared transaction value was upheld and the order to include royalty fees was set aside. Appeal allowed in favor of appellant. Case-Laws Customs Tue, 19 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=451093