https://www.taxtmi.com/caselaws?id=766309 CESTAT Chennai ruled that royalty and technical fees paid by the appellant to their foreign supplier should not be included in the transaction value of imported goods under Rule 10(1)(c) of the Customs Valuation Rules, 2007. The tribunal found no nexus between the imported goods and the technical assistance payments, noting that only 9% of final product value came from imports. The technical agreement was solely for personnel assistance to obtain product approval from a third party, not a condition of sale for the imported goods. The appeal was allowed, and no differential customs duty was demanded. en-us Thu, 20 Feb 2025 00:00:00 +0530 Sat, 22 Feb 2025 08:30:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766309 CESTAT Chennai ruled that royalty and technical fees paid by the appellant to their foreign supplier should not be included in the transaction value of imported goods under Rule 10(1)(c) of the Customs Valuation Rules, 2007. The tribunal found no nexus between the imported goods and the technical assistance payments, noting that only 9% of final product value came from imports. The technical agreement was solely for personnel assistance to obtain product approval from a third party, not a condition of sale for the imported goods. The appeal was allowed, and no differential customs duty was demanded. Case-Laws Customs Thu, 20 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766309