Home Case Index All Cases Customs Customs + SC Customs - 2011 (8) TMI SC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2011 (8) TMI 41 - SC - CustomsValuation - Rule 2(2) of Customs Valuation Rules, 1988 - inclusion of royalty in the invoice value - when pre-recorded music cassette is imported as against the blank cassette, definitely its value goes up in the market which is in addition to its value and therefore duty shall have to be charged on the value of the final product - There is an agreement existing in all the matters that royalty payment is towards money to be paid to artists and producers who had produced such cassettes - It could therefore, be concluded that the payment of royalty was a condition of sale - value of the royalty paid is to be included in the transaction value. - commentary on the GATT Customs Valuation Code is not applicable.
|