https://www.taxtmi.com/caselaws?id=753454 Royalty or licence fee is includible in customs transaction value only where it is related to the imported goods and payable as a condition of their sale. A royalty paid for transfer of technology, technical know-how, assistance, training, and trade mark use for manufacture and sale of finished products is not includible merely because the formula refers to imported inputs. Where the technology agreement was disclosed to customs and the department had earlier accepted the declared value, suppression or wilful misstatement was not established; in that situation, the extended period cannot be invoked to demand differential customs duty. en-us Fri, 31 May 2024 00:00:00 +0530 Sat, 01 Jun 2024 16:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753454 Royalty or licence fee is includible in customs transaction value only where it is related to the imported goods and payable as a condition of their sale. A royalty paid for transfer of technology, technical know-how, assistance, training, and trade mark use for manufacture and sale of finished products is not includible merely because the formula refers to imported inputs. Where the technology agreement was disclosed to customs and the department had earlier accepted the declared value, suppression or wilful misstatement was not established; in that situation, the extended period cannot be invoked to demand differential customs duty. Case-Laws Customs Fri, 31 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753454