https://www.taxtmi.com/caselaws?id=467573 Customs valuation under Section 14 of the Customs Act and the Customs Valuation Rules permits adoption of the price actually paid or payable where the buyer and seller are unrelated and price is the sole consideration. On that basis, the proposed transaction value for imported finished goods from third-party manufacturers was accepted. Buying agent fees paid to overseas procurement agents were treated as buying commissions and excluded from value. Licence fees for brand, intellectual property, store design and retail know-how were excluded because they were not conditions of sale and lacked nexus with the import price. Management fees for routine inter-company services were also excluded as independent post-import support costs. en-us Tue, 27 Aug 2024 00:00:00 +0530 Tue, 24 Mar 2026 19:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467573 Customs valuation under Section 14 of the Customs Act and the Customs Valuation Rules permits adoption of the price actually paid or payable where the buyer and seller are unrelated and price is the sole consideration. On that basis, the proposed transaction value for imported finished goods from third-party manufacturers was accepted. Buying agent fees paid to overseas procurement agents were treated as buying commissions and excluded from value. Licence fees for brand, intellectual property, store design and retail know-how were excluded because they were not conditions of sale and lacked nexus with the import price. Management fees for routine inter-company services were also excluded as independent post-import support costs. Case-Laws Customs Tue, 27 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467573