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2016 (9) TMI 569 - AT - CustomsValuation - transaction value - Rule 3 (3) (a) of Customs Valuation (Determination of value of import goods) Rules, 2007 - related party - Rule 2 of Customs Valuation (Determination of value of import goods) Rules, 2007 - the case applicable involving the similar issue is Matushita Television & Audio Ltd. Vs. CC [2007 (4) TMI 5 - SUPREME COURT OF INDIA] - Held that: - letter submitted from the related supplier certifying the prices charged in the invoices for the supply of the goods at international prices which are computed on the basis of all costs and representative profit - transaction value acceptable. Assessable value - royalty - Rule 10 (1) (c)of Customs Valuation (Determination of value of import goods) Rules, 2007 - Rule 9 (1) (c)of Customs Valuation Rules, 1988 - Held that: - the royalty payment is includible in the assessable value of the goods. The value of imported goods is thus, included in the net sale price of appellant’s manufactured goods - appeal allowed - decided in favor of Revenue.
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