2016 (11) TMI 1136

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....pellant. Shri. Ahibaran, Addl. Comm. (AR), for the Respondent. ORDER Per: Raju 1. This appeal has been filed by M/s. Haver Ibau India Pvt. Ltd. They entered into an agreement with Haver Germany for manufacture of certain products in India. For the purpose of transfer of technology and import of goods, they entered into an agreement with Haver Germany. The said agreement involved payment of roy....

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....ing the currency of the said agreement and therefore, there is no question of adding any amount to the assessable value. He argued that while there was a clause for payment of royalty under certain circumstances in the agreement, such circumstances never arose and hence no royalty whatsoever was paid. He argued that under such circumstances, the assessment can be finalized without going into the i....