2008 (4) TMI 297

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....lant. Shri N. J. Kumaresh, SDR, for the Respondent. [Order per : P.G. Chacko, Member (J)]. - These are appeals filed by the assessee and the Revenue against an order of the Commissioner (Appeals). The assessee had imported components from the United Kingdom required for the manufacture of certain measuring/checking/controlling instruments needed by various industries. They had also obtained ....

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....assessee is against the decision relating to technical know-how fee. The Revenue's appeal is against the decision of the lower appellate authority setting aside the 20% loading ordered by the SVB in respect of "other imports". 2. After examining the relevant provisons of the Licence Agreement between the assessee and the UK company, we find that the payment of technical know-how fee was not rel....

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....manufacture, in India, of finished goods licensed [by the supplier of components/raw material] to be so manufactured AND Payment of a lumpsum [often referred to as 'technical know-how fee' in common parlance and 'licence fee' in the text of Rule 9(1)(c) of the Customs Valuation Rules, 1988) by the importer of components/raw material to the supplier as consideration for technical know-how for....