2015 (10) TMI 830

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Per P S Pruthi This appeal is directed against the order of Commissioner (Appeals) upholding the Order-in-Original, in which the transaction value was accepted. 2. The dispute has arisen from the Agreement for the 'Licensing of Technology and Processes' between the appellant and M/s. Eagle Industry Company Ltd., Japan. The agreement provides for one time lump sum payment of US $1,25,000/- fo .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... goods of foreign collaborator's brand name. Interestingly, we find that in the present case there is no import of goods on the value of which the amount of royalty is sought to be added. There is no evidence of actual import in the appeal papers. In any case we note that in terms of Rule 10(1)(c) of the Customs Valuation Rules, royalty may be added to the price of the goods only if the same i .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X