https://www.taxtmi.com/caselaws?id=760087 The CESTAT Bangalore dismissed the Revenue's appeal regarding inclusion of royalty in transaction value of imported goods from related suppliers. The tribunal held that royalty can only be added to transaction value under Rule 10(1)(c) of Customs Valuation Rules, 2007 if payment constitutes a condition for supply by foreign supplier. Following SC precedent in Ferodo India case, the tribunal found pricing was at arm's length and relationship did not influence price, which department had accepted in past transactions. Commissioner (Appeals) correctly ruled against adding royalty to transaction value. en-us Fri, 20 Sep 2024 00:00:00 +0530 Tue, 15 Oct 2024 11:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760087 The CESTAT Bangalore dismissed the Revenue's appeal regarding inclusion of royalty in transaction value of imported goods from related suppliers. The tribunal held that royalty can only be added to transaction value under Rule 10(1)(c) of Customs Valuation Rules, 2007 if payment constitutes a condition for supply by foreign supplier. Following SC precedent in Ferodo India case, the tribunal found pricing was at arm's length and relationship did not influence price, which department had accepted in past transactions. Commissioner (Appeals) correctly ruled against adding royalty to transaction value. Case-Laws Customs Fri, 20 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760087