https://www.taxtmi.com/caselaws?id=755107 Royalty linked to net sales of finished products manufactured in India with imported yeast culture was held not includible in the customs assessable value, because the payment related to post-import manufacturing and sale activity, not to the import of the goods themselves, and was not shown to be a condition of sale of the imported yeast culture. The demand also failed on limitation, as the technical assistance arrangement had been disclosed to the department and the dispute involved interpretation of an existing arrangement rather than suppression or wilful misstatement. The impugned order was set aside and consequential relief followed. en-us Tue, 02 Jul 2024 00:00:00 +0530 Sat, 06 Jul 2024 07:51:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755107 Royalty linked to net sales of finished products manufactured in India with imported yeast culture was held not includible in the customs assessable value, because the payment related to post-import manufacturing and sale activity, not to the import of the goods themselves, and was not shown to be a condition of sale of the imported yeast culture. The demand also failed on limitation, as the technical assistance arrangement had been disclosed to the department and the dispute involved interpretation of an existing arrangement rather than suppression or wilful misstatement. The impugned order was set aside and consequential relief followed. Case-Laws Customs Tue, 02 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755107