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2017 (3) TMI 1115 - AT - CustomsValuation - enhancement of value - related party transaction - Held that: - first appellate authority has made a finding that there is no payment on account of royalty/technical knowhow fees. The appellants are involved in manufacture of final products using the imported items. The pricing of the same is taken on the basis of cost of production/purchase plus 10% markup. The same appears to be reasonable - Revenue is not contesting the factual findings recorded by the first appellate authority. In the absence of any serious contest to the factual findings as recorded by the first appellate authority, we do not find any merits in the appeal filed by the Revenue - appeal rejected - decided against Revenue.
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