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2017 (1) TMI 276 - AT - CustomsValuation - related party transaction - know how agreement for manufacture of final product between foreign supplier and the appellant - inclusion of royalty in the cost of imported goods - Rule (9)(1)(c) of Customs Valuation Rules, 1989 - Held that: - It is settled legal position by Hon’ble Supreme Court in case of Matsushita Television & Audio (I) Ltd. v. Commissioner of Customs [2007 (4) TMI 5 - SUPREME COURT OF INDIA] where Authority decided that royalty in relation to the sale only includible in assessable value. In the present case, it was considered that royalty is not the condition of sale of the imported goods, royalty not included - appeal allowed - decided in favor of appellant.
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