Supreme Court upholds CESTAT ruling: Royalty and ad costs excluded from assessable value under Customs Valuation Rules 2007.

Supreme Court upholds CESTAT ruling: Royalty and ad costs excluded from assessable value under Customs Valuation Rules 2007. https://www.taxtmi.com/highlights?id=84756 Appellant challenged inclusion of royalty and cost of advertisement incurred in India in assessable value of imported goods u/rs 10(1)(c) and 10(1)(e) of Customs Valuation Rules 2007 involving related party transaction. SC concurred with CESTAT's view that appellant's obligation under agreement to be responsible for sales, distribution, and expenditure in consultation with seller does not attract Rule 10(1)(e). Appeal dismissed. en-us Fri, 10 Jan 2025 08:57:30 +0530 Fri, 10 Jan 2025 08:57:30 +0530 TaxTMI RSS Generator Supreme Court upholds CESTAT ruling: Royalty and ad costs excluded from assessable value under Customs Valuation Rules 2007. https://www.taxtmi.com/highlights?id=84756 Appellant challenged inclusion of royalty and cost of advertisement incurred in India in assessable value of imported goods u/rs 10(1)(c) and 10(1)(e) of Customs Valuation Rules 2007 involving related party transaction. SC concurred with CESTAT's view that appellant's obligation under agreement to be responsible for sales, distribution, and expenditure in consultation with seller does not attract Rule 10(1)(e). Appeal dismissed. Highlights Customs Fri, 10 Jan 2025 08:57:30 +0530 https://www.taxtmi.com/highlights?id=84756