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2016 (3) TMI 887 - AT - CustomsValuation - Whether the raw materials imported by the appellant from their parent concern needs to be loaded with the value of royalty paid by them to parent concern - Import of parts and components from their collaborator under agreement - Held that:- the agreement is titled as a technical know-how agreement. The entire agreement is in respect of the finished goods to be manufactured by the appellant in their factory from the technical know-how received from parent concern. The said agreement does not talk about or restrict the appellant to purchase or procure raw materials only from the parent concern. Also the first appellate authority has not brought on record any evidence to indicate that there was restriction imposed on the appellant to procure the raw materials only from the parent concern. Therefore, in absence of any such evidence, the loading of the value of by the amount of royalty paid by the appellant is not in consonance with the law settled by the higher judicial fora. - Decided in favour of appellant
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